Rollins, Inc. (NYSE:ROL) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rollins, Inc. (NYSE:ROL) by 1.0% in the fourth quarter, Holdings Channel reports. The fund owned 65,911 shares of the business services provider’s stock after purchasing an additional 659 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rollins were worth $3,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Eastern Bank increased its stake in shares of Rollins by 0.5% in the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after acquiring an additional 236 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Rollins by 1.9% in the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after acquiring an additional 252 shares during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Rollins by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock worth $1,752,000 after purchasing an additional 274 shares during the period. Motley Fool Asset Management LLC grew its holdings in shares of Rollins by 3.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock worth $509,000 after purchasing an additional 289 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Rollins by 25.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after purchasing an additional 292 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of ROL opened at $51.44 on Friday. The stock has a 50-day simple moving average of $49.75 and a 200-day simple moving average of $49.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock has a market capitalization of $24.91 billion, a PE ratio of 53.59 and a beta of 0.78. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s payout ratio is presently 68.75%.

Insider Activity

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 transaction of $171,194.40. Following the sale, the insider now owns 9,602 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the sale, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ROL shares. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $52.00.

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.