Cubist Systematic Strategies LLC Acquires 22,596 Shares of Rollins, Inc. (NYSE:ROL)

Cubist Systematic Strategies LLC boosted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 254,216 shares of the business services provider's stock after acquiring an additional 22,596 shares during the period. Cubist Systematic Strategies LLC owned 0.05% of Rollins worth $11,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROL. Geode Capital Management LLC raised its position in shares of Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after acquiring an additional 1,282,508 shares during the last quarter. Invesco Ltd. increased its holdings in Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after purchasing an additional 617,876 shares during the last quarter. Norges Bank acquired a new position in Rollins in the fourth quarter valued at about $176,784,000. Northern Trust Corp boosted its holdings in Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after buying an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock worth $128,396,000 after buying an additional 2,203,859 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROL has been the topic of a number of analyst reports. Barclays increased their price target on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Royal Bank of Canada boosted their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. UBS Group raised their price objective on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Finally, StockNews.com raised Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Four investment 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, the company presently has an average rating of "Moderate Buy" and an average price target of $55.57.

Rollins Stock Up 0.0 %

ROL stock traded up $0.01 during trading hours on Friday, reaching $56.70. 1,321,932 shares of the stock were exchanged, compared to its average volume of 1,712,978. The company has a market cap of $27.48 billion, a price-to-earnings ratio of 59.06 and a beta of 0.79. The firm's 50-day moving average is $53.92 and its 200-day moving average is $50.66. Rollins, Inc. has a 12 month low of $45.00 and a 12 month high of $57.43. 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 (NYSE:ROL - Get Free Report) last announced its earnings results 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 return on equity of 37.94% and a net margin of 13.76%. The business had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same quarter last year, the firm earned $0.20 EPS. Rollins's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

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

Insider Activity at Rollins

In other news, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,259 shares of company stock valued at $1,047,330. Corporate insiders own 4.47% of the company's stock.

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.