Two Sigma Investments LP Cuts Holdings in Rollins, Inc. (NYSE:ROL)

Two Sigma Investments LP lowered its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 83.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,427 shares of the business services provider's stock after selling 301,112 shares during the quarter. Two Sigma Investments LP's holdings in Rollins were worth $2,708,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC raised its stake in shares of Rollins by 2.4% in the fourth quarter. Tidal Investments LLC now owns 16,386 shares of the business services provider's stock valued at $759,000 after acquiring an additional 381 shares during the last quarter. State of Wyoming grew its holdings in shares of Rollins by 106.0% during the fourth quarter. State of Wyoming now owns 5,257 shares of the business services provider's stock worth $244,000 after purchasing an additional 2,705 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Rollins by 7.0% in the fourth quarter. Toronto Dominion Bank now owns 151,593 shares of the business services provider's stock valued at $7,026,000 after buying an additional 9,930 shares in the last quarter. Shell Asset Management Co. raised its holdings in shares of Rollins by 42.1% in the fourth quarter. Shell Asset Management Co. now owns 24,430 shares of the business services provider's stock valued at $1,132,000 after buying an additional 7,232 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Rollins by 14.6% during the 4th quarter. Royal Bank of Canada now owns 858,641 shares of the business services provider's stock worth $39,798,000 after buying an additional 109,205 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Transactions at Rollins

In other Rollins 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 transaction, the chairman now owns 662,727 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the transaction, the insider now owns 39,640 shares of the company's stock, valued at $2,093,388.40. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,763 shares of company stock valued at $2,580,331 in the last 90 days. 4.47% of the stock is currently owned by corporate insiders.

Rollins Trading Up 0.0%

NYSE ROL traded up $0.03 on Wednesday, reaching $58.37. The company had a trading volume of 132,225 shares, compared to its average volume of 1,741,528. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 60.77 and a beta of 0.79. The business has a 50 day moving average of $55.57 and a two-hundred day moving average of $51.64. 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, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $60.12.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $817.09 million. During the same quarter last year, the firm earned $0.20 earnings per share. Rollins's quarterly revenue was up 9.9% on a year-over-year basis. Analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROL. Morgan Stanley upped their price objective on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Royal Bank of Canada lifted their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Canaccord Genuity Group increased their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. Barclays raised their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Finally, Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average target price of $56.75.

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.