Lmcg Investments LLC Trims Position in Rollins, Inc. (NYSE:ROL)

Lmcg Investments LLC decreased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,735 shares of the business services provider's stock after selling 6,805 shares during the quarter. Lmcg Investments LLC's holdings in Rollins were worth $7,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after buying an additional 1,282,508 shares during the last quarter. Invesco Ltd. increased its stake in shares of Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after acquiring an additional 617,876 shares during the period. Norges Bank purchased a new position in shares of Rollins during the fourth quarter worth $176,784,000. Northern Trust Corp boosted its holdings in Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after purchasing an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Buying and Selling

In other news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman now owns 662,727 shares of the company's stock, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now owns 41,173 shares in the company, valued at $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. In the last three months, insiders have sold 45,763 shares of company stock worth $2,580,331. Insiders own 4.47% of the company's stock.

Rollins Price Performance

Rollins stock traded down $0.06 during trading on Friday, reaching $57.78. The company had a trading volume of 887,462 shares, compared to its average volume of 1,744,779. The firm's 50-day simple moving average is $55.75 and its 200 day simple moving average is $51.74. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The firm has a market capitalization of $28.00 billion, a PE ratio of 60.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Monday, May 12th. Rollins's dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Royal Bank of Canada upped 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. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a report on Monday. Finally, Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.75.

Rollins Company Profile

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.