Rollins, Inc. (NYSE:ROL) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lowered its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 96.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 791 shares of the business services provider's stock after selling 24,066 shares during the period. Point72 Hong Kong Ltd's holdings in Rollins were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. Assenagon Asset Management S.A. raised its holdings in shares of Rollins by 136.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 153,437 shares during the last quarter. True North Advisors LLC purchased a new position in shares of Rollins during the 4th quarter valued at about $262,000. Avanza Fonder AB purchased a new position in shares of Rollins during the 4th quarter valued at about $1,054,000. Jones Financial Companies Lllp lifted its holdings in shares of Rollins by 169.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after buying an additional 1,672 shares during the period. Finally, KBC Group NV grew its holdings in Rollins by 68.0% during the fourth quarter. KBC Group NV now owns 247,082 shares of the business services provider's stock worth $11,452,000 after acquiring an additional 99,990 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Transactions at Rollins

In other news, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the transaction, the insider now owns 9,602 shares of the company's stock, valued at $509,866.20. This represents 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 dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the transaction, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,987 shares of company stock worth $480,725 in the last ninety days. Insiders own 4.47% of the company's stock.

Rollins Price Performance

NYSE:ROL traded up $0.08 during trading hours on Friday, hitting $56.83. 398,332 shares of the stock were exchanged, compared to its average volume of 1,735,541. The firm's fifty day moving average price is $54.77 and its 200 day moving average price is $51.22. Rollins, Inc. has a 52-week low of $45.00 and a 52-week high of $57.63. The company has a market cap of $27.54 billion, a P/E ratio of 59.25 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.62 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 (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 firm had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same period in the previous year, the company posted $0.20 earnings per share. The business's revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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 payout ratio is presently 66.67%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ROL shares. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Barclays upped their price target on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Royal Bank of Canada raised their price objective on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Morgan Stanley upped their target price on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group increased their target price on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $55.57.

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.