Voya Investment Management LLC Decreases Stake in Rollins, Inc. (NYSE:ROL)

Voya Investment Management LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 707,320 shares of the business services provider's stock after selling 271,622 shares during the period. Voya Investment Management LLC owned 0.15% of Rollins worth $32,784,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Harvest Investment Services LLC acquired a new stake in shares of Rollins during the 4th quarter worth $212,000. Hsbc Holdings PLC lifted its position in Rollins by 50.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,536,488 shares of the business services provider's stock worth $71,214,000 after purchasing an additional 512,082 shares during the period. ClearAlpha Technologies LP bought a new stake in Rollins during the fourth quarter worth about $258,000. Tower Research Capital LLC TRC lifted its position in Rollins by 54.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,605 shares of the business services provider's stock worth $909,000 after purchasing an additional 6,922 shares during the period. Finally, MML Investors Services LLC lifted its position in Rollins by 9.1% during the fourth quarter. MML Investors Services LLC now owns 57,494 shares of the business services provider's stock worth $2,665,000 after purchasing an additional 4,785 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares of the company's stock, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,259 shares of company stock valued at $1,047,330 in the last quarter. 4.47% of the stock is currently owned by company insiders.

Rollins Trading Down 2.0 %

NYSE:ROL traded down $1.16 on Thursday, reaching $55.97. 877,272 shares of the stock traded hands, compared to its average volume of 1,710,379. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of 58.29 and a beta of 0.80. The company's 50 day moving average is $53.25 and its 200-day moving average is $50.33. 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 1-year low of $44.29 and a 1-year high of $59.88.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company 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 company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

ROL has been the subject of several recent analyst reports. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. StockNews.com raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Canaccord Genuity Group increased their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. UBS Group raised their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Finally, Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. 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 company has a consensus 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.