Swiss National Bank Lowers Holdings in Rollins, Inc. (NYSE:ROL)

Swiss National Bank reduced its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 909,800 shares of the business services provider's stock after selling 21,500 shares during the period. Swiss National Bank owned about 0.19% of Rollins worth $39,731,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ROL. Bank of New York Mellon Corp grew its position in shares of Rollins by 8.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,128,158 shares of the business services provider's stock worth $79,444,000 after buying an additional 158,964 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Rollins by 7.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,553 shares of the business services provider's stock valued at $1,738,000 after purchasing an additional 3,043 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Rollins by 10.3% in the third quarter. IFM Investors Pty Ltd now owns 52,983 shares of the business services provider's stock worth $1,978,000 after buying an additional 4,942 shares in the last quarter. Advisor Partners II LLC lifted its holdings in Rollins by 2.7% in the third quarter. Advisor Partners II LLC now owns 29,792 shares of the business services provider's stock worth $1,112,000 after buying an additional 776 shares during the period. Finally, Inspire Investing LLC boosted its position in Rollins by 12.0% during the 3rd quarter. Inspire Investing LLC now owns 35,465 shares of the business services provider's stock valued at $1,324,000 after acquiring an additional 3,788 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

Rollins stock traded down $0.58 during midday trading on Wednesday, reaching $46.62. 964,751 shares of the company traded hands, compared to its average volume of 1,931,990. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $47.69. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 52.38, a price-to-earnings-growth ratio of 3.53 and a beta of 0.65. The business has a 50 day moving average of $45.12 and a two-hundred day moving average of $42.73.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. The firm had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The company's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. As a group, research analysts predict that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 9th. Rollins's payout ratio is 67.42%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ROL shares. UBS Group reaffirmed a "neutral" rating and issued a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Morgan Stanley raised their target price on shares of Rollins from $42.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, February 15th. Finally, StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, April 25th. Three 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 currently has a consensus rating of "Moderate Buy" and an average target price of $47.00.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Elizabeth B. Chandler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares of the company's stock, valued at approximately $4,093,054.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total transaction of $116,395.96. Following the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,824 shares of company stock worth $1,219,558. 4.69% of the stock is owned by company insiders.

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.