Cresset Asset Management LLC Cuts Stake in Rollins, Inc. (NYSE:ROL)

Cresset Asset Management LLC lowered its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 59.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,566 shares of the business services provider's stock after selling 37,170 shares during the period. Cresset Asset Management LLC's holdings in Rollins were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins during the 4th quarter valued at $29,000. Centricity Wealth Management LLC purchased a new stake in Rollins during the 4th quarter valued at $31,000. Mizuho Bank Ltd. purchased a new stake in Rollins during the 4th quarter valued at $37,000. Atala Financial Inc purchased a new stake in Rollins during the 4th quarter valued at $47,000. Finally, Headlands Technologies LLC boosted its position in Rollins by 425.1% during the 4th quarter. Headlands Technologies LLC now owns 1,402 shares of the business services provider's stock valued at $65,000 after buying an additional 1,135 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Trading Up 0.0%

Shares of NYSE ROL opened at $56.70 on Monday. Rollins, Inc. has a 1 year low of $45.00 and a 1 year high of $57.43. The stock has a market cap of $27.48 billion, a P/E ratio of 59.06 and a beta of 0.79. The firm has a 50-day moving average of $53.92 and a 200 day moving average of $50.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. During the same period last year, the company posted $0.20 EPS. Rollins's revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROL. Canaccord Genuity Group increased their price target on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Morgan Stanley upped their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. UBS Group upped their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada upped their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.57.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. The trade was a 14.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares of the company's stock, valued at $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,259 shares of company stock valued at $1,047,330 in the last three months. Company insiders own 4.47% of the company's stock.

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.

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