Castlekeep Investment Advisors LLC Buys New Position in Rollins, Inc. (NYSE:ROL)

Castlekeep Investment Advisors LLC bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,204 shares of the business services provider's stock, valued at approximately $380,000.

A number of other large investors have also recently added to or reduced their stakes in ROL. Balyasny Asset Management L.P. increased its holdings in Rollins by 493.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 233,726 shares of the business services provider's stock valued at $10,833,000 after buying an additional 194,309 shares during the period. Bank of America Corp DE lifted its holdings in Rollins by 2.8% in the fourth quarter. Bank of America Corp DE now owns 927,703 shares of the business services provider's stock valued at $42,999,000 after buying an additional 25,567 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Rollins by 34.5% during the fourth quarter. Benjamin Edwards Inc. now owns 19,966 shares of the business services provider's stock worth $925,000 after purchasing an additional 5,117 shares during the period. BLI Banque de Luxembourg Investments bought a new stake in shares of Rollins in the 4th quarter valued at about $50,161,000. Finally, BNP Paribas Financial Markets increased its position in shares of Rollins by 8.0% in the 4th quarter. BNP Paribas Financial Markets now owns 588,895 shares of the business services provider's stock valued at $27,295,000 after buying an additional 43,820 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Buying and Selling at Rollins

In related news, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,259 shares of company stock valued at $1,047,330. Company insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several research analyst reports. StockNews.com upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Canaccord Genuity Group upped their price objective on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Morgan Stanley increased their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada increased their price objective on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $55.57.

Rollins Trading Up 0.0 %

NYSE ROL traded up $0.01 on Friday, hitting $56.70. The company's stock had a trading volume of 1,321,932 shares, compared to its average volume of 1,714,324. The company's 50-day moving average is $53.92 and its 200 day moving average is $50.67. The firm has a market cap of $27.48 billion, a PE ratio of 59.06 and a beta of 0.79. Rollins, Inc. has a 1-year low of $45.00 and a 1-year high of $57.43. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business's quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, May 12th. Rollins's payout ratio is 66.67%.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.