Frontier Capital Management Co. LLC Sells 36,488 Shares of Rollins, Inc. (NYSE:ROL)

Frontier Capital Management Co. LLC reduced its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 685,123 shares of the business services provider's stock after selling 36,488 shares during the period. Frontier Capital Management Co. LLC owned 0.14% of Rollins worth $31,755,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Rollins during the fourth quarter valued at about $29,000. Centricity Wealth Management LLC bought a new stake in Rollins in the fourth quarter worth about $31,000. Mizuho Bank Ltd. bought a new stake in Rollins in the fourth quarter worth about $37,000. Atala Financial Inc bought a new stake in Rollins in the fourth quarter worth about $47,000. Finally, Colonial Trust Co SC raised its position in Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after acquiring an additional 411 shares during the period. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on ROL shares. Barclays lifted their price objective 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. Royal Bank of Canada lifted their price objective 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. StockNews.com raised shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $55.57.

Rollins Price Performance

NYSE:ROL traded up $0.01 during mid-day trading on Friday, hitting $56.70. 1,321,932 shares of the stock traded hands, compared to its average volume of 1,714,324. The business's 50-day moving average price is $53.92 and its 200 day moving average price is $50.70. The company has a market cap of $27.48 billion, a PE ratio of 59.06 and a beta of 0.79. Rollins, Inc. has a 12-month low of $45.00 and a 12-month high of $57.43. 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 issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Rollins's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. On average, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.16%. Rollins's payout ratio is presently 66.67%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. The trade was a 14.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,259 shares of company stock worth $1,047,330 over the last three months. 4.47% of the stock is owned by insiders.

About Rollins

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.