Sone Capital Management LLC Buys Shares of 147,358 Rollins, Inc. (NYSE:ROL)

Sone Capital Management LLC acquired a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 147,358 shares of the business services provider's stock, valued at approximately $6,830,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after buying an additional 1,282,508 shares in the last quarter. Invesco Ltd. lifted its stake in Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after buying an additional 617,876 shares in the last quarter. Norges Bank bought a new position in Rollins in the fourth quarter valued at approximately $176,784,000. Northern Trust Corp lifted its stake 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 buying an additional 322,610 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake 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 buying an additional 2,203,859 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

NYSE:ROL traded up $0.11 on Friday, hitting $56.86. The company's stock had a trading volume of 1,332,831 shares, compared to its average volume of 1,741,742. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $54.87 and a two-hundred day moving average of $51.28. The firm has a market capitalization of $27.56 billion, a P/E ratio of 59.23 and a beta of 0.79. Rollins, Inc. has a one year low of $45.00 and a one year high of $57.63.

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

Rollins Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays boosted their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley raised their target price on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.57.

Insiders Place Their Bets

In related news, insider Traci Hornfeck sold 3,224 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14% decrease in their ownership of the stock. The sale 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 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 owns 41,173 shares of the company's stock, valued at approximately $2,131,937.94. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,987 shares of company stock worth $480,725 in the last 90 days. Company insiders own 4.47% of the company's stock.

Rollins 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.