Man Group plc Decreases Stock Holdings in Rollins, Inc. (NYSE:ROL)

Man Group plc decreased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 28.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 368,588 shares of the business services provider's stock after selling 148,748 shares during the period. Man Group plc owned approximately 0.08% of Rollins worth $17,084,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the fourth quarter worth about $29,000. Centricity Wealth Management LLC bought a new position in shares of Rollins in the 4th quarter worth approximately $31,000. Mizuho Bank Ltd. purchased a new position in shares of Rollins in the 4th quarter valued at approximately $37,000. Atala Financial Inc bought a new stake in shares of Rollins during the fourth quarter valued at approximately $47,000. Finally, Colonial Trust Co SC boosted its position in shares of Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after purchasing an additional 411 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,180 shares of company stock valued at $1,155,943. 4.47% of the stock is owned by corporate insiders.

Rollins Stock Down 0.5%

Rollins stock traded down $0.31 during mid-day trading on Thursday, reaching $56.70. The stock had a trading volume of 311,918 shares, compared to its average volume of 1,734,831. Rollins, Inc. has a one year low of $45.00 and a one year high of $57.63. The company has a 50-day moving average price of $54.67 and a two-hundred day moving average price of $51.16. The company has a market capitalization of $27.48 billion, a price-to-earnings ratio of 59.02 and a beta of 0.79. 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 issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The business had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. During the same period in the previous year, the company earned $0.20 earnings per share. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. Rollins's payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Morgan Stanley increased their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Finally, Canaccord Genuity Group raised their target price on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average target price of $55.57.

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.