Conestoga Capital Advisors LLC Increases Holdings in Rollins, Inc. (NYSE:ROL)

Conestoga Capital Advisors LLC grew its holdings in Rollins, Inc. (NYSE:ROL) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,022,325 shares of the business services provider’s stock after acquiring an additional 12,755 shares during the period. Conestoga Capital Advisors LLC’s holdings in Rollins were worth $47,385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of Rollins during the 3rd quarter worth about $28,000. True Wealth Design LLC increased its holdings in 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 buying an additional 769 shares during the period. Versant Capital Management Inc lifted 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 last quarter. Capital Performance Advisors LLP purchased a new position in shares of Rollins in the 3rd quarter worth approximately $52,000. Finally, Intact Investment Management Inc. purchased a new position in Rollins during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

ROL has been the topic of several research reports. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. UBS Group increased their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company raised their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.50.

Rollins Stock Down 0.4 %

Shares of NYSE:ROL opened at $49.31 on Monday. The stock has a 50-day simple moving average of $48.12 and a 200-day simple moving average of $48.90. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a market capitalization of $23.88 billion, a P/E ratio of 51.21 and a beta of 0.76.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is currently 68.75%.

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.