Nuveen Asset Management LLC Lowers Stock Holdings in Rollins, Inc. (NYSE:ROL)

Nuveen Asset Management LLC cut its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 797,128 shares of the business services provider's stock after selling 34,361 shares during the quarter. Nuveen Asset Management LLC owned about 0.16% of Rollins worth $36,947,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ROL. Barclays PLC raised its stake in Rollins by 34.8% during the 3rd quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock valued at $36,491,000 after acquiring an additional 186,452 shares during the last quarter. Park Avenue Securities LLC lifted its position in Rollins by 25.6% during the 4th quarter. Park Avenue Securities LLC now owns 19,410 shares of the business services provider's stock worth $900,000 after acquiring an additional 3,956 shares during the period. Merit Financial Group LLC purchased a new position in shares of Rollins in the 4th quarter valued at approximately $225,000. Koshinski Asset Management Inc. increased its holdings in shares of Rollins by 12.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 13,748 shares of the business services provider's stock valued at $637,000 after purchasing an additional 1,524 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Rollins by 8.4% during the fourth quarter. Ballentine Partners LLC now owns 7,729 shares of the business services provider's stock worth $358,000 after purchasing an additional 598 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of ROL traded up $0.11 on Monday, reaching $56.86. The stock had a trading volume of 1,332,831 shares, compared to its average volume of 1,743,850. Rollins, Inc. has a twelve month low of $45.00 and a twelve month high of $57.63. The firm has a market capitalization of $27.56 billion, a PE ratio of 59.23 and a beta of 0.79. The firm has a 50-day moving average of $54.87 and a 200 day moving average of $51.31. 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 posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $817.09 million. During the same period in the previous year, the business earned $0.20 earnings per share. Rollins's quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Royal Bank of Canada increased their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Canaccord Genuity Group lifted their price target on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Barclays increased their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Finally, Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.57.

Insider Activity at Rollins

In related news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. The trade was a 25.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred 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 directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,987 shares of company stock valued at $480,725. Insiders own 4.47% of the company's stock.

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.