Centricity Wealth Management LLC Takes $31,000 Position in Rollins, Inc. (NYSE:ROL)

Centricity Wealth Management LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 659 shares of the business services provider’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Rollins during the 3rd quarter worth approximately $28,000. True Wealth Design LLC increased its position in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares during the period. Capital Performance Advisors LLP purchased a new position in Rollins in the third quarter worth $52,000. Finally, Intact Investment Management Inc. bought a new position in Rollins in the 3rd quarter valued at $71,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

ROL opened at $51.29 on Friday. The firm has a 50-day moving average price of $48.23 and a 200-day moving average price of $49.08. Rollins, Inc. has a twelve month low of $41.30 and a twelve month high of $52.83. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76.

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

Rollins Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.29%. Rollins’s payout ratio is 68.75%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group boosted their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Canaccord Genuity Group raised their price target on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.