Rollins, Inc. (NYSE:ROL) Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC reduced its holdings in shares of Rollins, Inc. (NYSE:ROL) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,572 shares of the business services provider’s stock after selling 1,361 shares during the quarter. Red Spruce Capital LLC’s holdings in Rollins were worth $768,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ROL. Ballentine Partners LLC raised its holdings in Rollins by 8.4% during the fourth quarter. Ballentine Partners LLC now owns 7,729 shares of the business services provider’s stock worth $358,000 after purchasing an additional 598 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Rollins by 12.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 13,748 shares of the business services provider’s stock worth $637,000 after acquiring an additional 1,524 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Rollins in the fourth quarter valued at $225,000. Avanza Fonder AB acquired a new position in Rollins in the fourth quarter valued at $1,054,000. Finally, Yarbrough Capital LLC grew its holdings in shares of Rollins by 86.3% during the fourth quarter. Yarbrough Capital LLC now owns 15,027 shares of the business services provider’s stock worth $697,000 after purchasing an additional 6,960 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ROL shares. Morgan Stanley boosted their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Canaccord Genuity Group began coverage on Rollins in a report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price target on the stock. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, UBS Group boosted 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.50.

Rollins Trading Up 0.3 %

Shares of ROL stock opened at $48.59 on Wednesday. The business’s fifty day moving average price is $48.34 and its 200 day moving average price is $48.94. The firm has a market capitalization of $23.53 billion, a PE ratio of 50.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1-year low of $40.41 and a 1-year high of $52.16.

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

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.69% of the company’s stock.

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.