Greenleaf Trust Reduces Position in Rollins, Inc. (NYSE:ROL)

Greenleaf Trust trimmed its position in Rollins, Inc. (NYSE:ROL) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,052 shares of the business services provider’s stock after selling 342 shares during the quarter. Greenleaf Trust’s holdings in Rollins were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ROL. Brooklyn Investment Group acquired a new stake in Rollins during the third quarter worth about $28,000. True Wealth Design LLC boosted its position in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after purchasing an additional 769 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after purchasing an additional 326 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Rollins during the 3rd quarter valued at approximately $52,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Rollins in the 3rd quarter valued at $71,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Up 1.2 %

Shares of ROL opened at $50.23 on Friday. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The stock has a market cap of $24.33 billion, a PE ratio of 52.32 and a beta of 0.76. The firm’s fifty day moving average is $48.01 and its two-hundred day moving average is $48.91. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.31%. Rollins’s dividend payout ratio is presently 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of analyst reports. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Monday. Barclays started coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. UBS Group boosted their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Morgan Stanley lifted their target price on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group began coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price target for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and an average target price of $51.50.

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.