Rollins, Inc. $ROL Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 267.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,161 shares of the business services provider’s stock after acquiring an additional 44,522 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Rollins were worth $3,593,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ROL. Thrive Wealth Management LLC increased its holdings in shares of Rollins by 2.7% during the 3rd quarter. Thrive Wealth Management LLC now owns 6,473 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 172 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its position in Rollins by 9.2% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock valued at $147,000 after buying an additional 220 shares during the period. Wealth Alliance LLC increased its holdings in Rollins by 2.1% in the second quarter. Wealth Alliance LLC now owns 10,687 shares of the business services provider’s stock valued at $603,000 after buying an additional 223 shares in the last quarter. World Investment Advisors raised its position in shares of Rollins by 5.1% in the third quarter. World Investment Advisors now owns 4,705 shares of the business services provider’s stock worth $276,000 after acquiring an additional 229 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Rollins by 4.7% during the 3rd quarter. Inspire Investing LLC now owns 5,254 shares of the business services provider’s stock worth $309,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $64.86 on Friday. The company has a market cap of $31.43 billion, a P/E ratio of 60.62 and a beta of 0.78. Rollins, Inc. has a twelve month low of $49.16 and a twelve month high of $65.03. The company’s 50-day moving average price is $61.28 and its 200-day moving average price is $58.85. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be given a $0.1825 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.1%. Rollins’s dividend payout ratio is 68.22%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 1,329 shares of Rollins stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $83,501.07. Following the transaction, the insider owned 58,832 shares in the company, valued at approximately $3,696,414.56. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman John F. Wilson sold 5,344 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total value of $335,763.52. Following the transaction, the chairman directly owned 594,705 shares in the company, valued at $37,365,315.15. This trade represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 61,545 shares of company stock valued at $3,850,173. 4.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ROL. UBS Group set a $65.00 price target on Rollins in a research note on Wednesday, January 21st. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $72.00 in a research note on Wednesday, December 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $64.00 price objective on shares of Rollins in a research report on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.