SG Americas Securities LLC Increases Stake in Rollins, Inc. (NYSE:ROL)

SG Americas Securities LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 535.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 261,379 shares of the business services provider’s stock after purchasing an additional 220,230 shares during the period. SG Americas Securities LLC’s holdings in Rollins were worth $12,115,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Up 0.3 %

Shares of NYSE ROL opened at $48.60 on Friday. The stock has a market cap of $23.53 billion, a PE ratio of 50.62 and a beta of 0.75. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The company has a 50-day moving average of $48.23 and a 200 day moving average of $48.92.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. As a group, sell-side analysts predict that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.36%. Rollins’s dividend payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley upped their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. UBS Group lifted their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Finally, Canaccord Genuity Group initiated coverage on Rollins in a report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.50.

Rollins Company 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.