Point72 Asset Management L.P. Purchases 162,177 Shares of Rollins, Inc. (NYSE:ROL)

Point72 Asset Management L.P. increased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 28.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 735,133 shares of the business services provider's stock after acquiring an additional 162,177 shares during the quarter. Point72 Asset Management L.P. owned about 0.15% of Rollins worth $34,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ROL. Murphy & Mullick Capital Management Corp bought a new position in Rollins during the 4th quarter worth approximately $29,000. Centricity Wealth Management LLC acquired a new position in Rollins in the fourth quarter valued at about $31,000. Mizuho Bank Ltd. acquired a new position in Rollins in the fourth quarter valued at about $37,000. Atala Financial Inc acquired a new position in Rollins in the fourth quarter valued at about $47,000. Finally, Colonial Trust Co SC grew its stake 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 valued at $50,000 after acquiring an additional 411 shares during the period. Institutional investors own 51.79% of the company's stock.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction dated Friday, February 21st. The stock was 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 in the company, valued at approximately $3,916,600.68. This represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the sale, the insider now owns 38,028 shares in the company, valued at $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,180 shares of company stock worth $1,155,943. Corporate insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

ROL has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Morgan Stanley boosted their target price on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada boosted their target price on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.57.

Rollins Stock Down 0.5%

Shares of NYSE ROL traded down $0.27 during midday trading on Thursday, reaching $56.74. The company's stock had a trading volume of 398,998 shares, compared to its average volume of 1,734,977. 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, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $57.63. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 59.09 and a beta of 0.79. The stock has a 50 day simple moving average of $54.67 and a 200-day simple moving average of $51.16.

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

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be issued 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%.

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.