Prana Capital Management LP Invests $5.69 Million in Rollins, Inc. (NYSE:ROL)

Prana Capital Management LP purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 122,784 shares of the business services provider's stock, valued at approximately $5,691,000.

A number of other hedge funds have also recently added to or reduced their stakes in ROL. Barclays PLC boosted its stake in Rollins by 34.8% in the 3rd quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock worth $36,491,000 after buying an additional 186,452 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Rollins by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 399,398 shares of the business services provider's stock worth $20,202,000 after buying an additional 13,697 shares during the last quarter. Czech National Bank lifted its stake in shares of Rollins by 6.4% in the 4th quarter. Czech National Bank now owns 60,904 shares of the business services provider's stock valued at $2,823,000 after purchasing an additional 3,682 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Rollins in the 4th quarter valued at about $973,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Rollins by 136.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 153,437 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now owns 41,173 shares in the company, valued at $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. Over the last three months, insiders sold 22,180 shares of company stock worth $1,155,943. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Up 1.2%

Shares of ROL traded up $0.67 during mid-day trading on Friday, reaching $57.04. 4,439,260 shares of the stock traded hands, compared to its average volume of 1,738,982. The stock has a fifty day simple moving average of $54.29 and a 200 day simple moving average of $50.98. 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. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of 59.42 and a beta of 0.79.

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, meeting 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%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROL shares. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Royal Bank of Canada lifted their price objective on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. StockNews.com raised Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Canaccord Genuity Group lifted their price objective on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Finally, Morgan Stanley lifted their price objective on 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 assigned a buy rating to the company's stock. According to data from MarketBeat, Rollins currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.57.

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.