Rollins, Inc. (NYSE:ROL) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB reduced its position in Rollins, Inc. (NYSE:ROL) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685,478 shares of the business services provider’s stock after selling 20,795 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.14% of Rollins worth $31,772,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after buying an additional 61,475 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Rollins in the 3rd quarter valued at $1,428,000. Westfield Capital Management Co. LP purchased a new position in Rollins in the third quarter valued at about $5,102,000. Intech Investment Management LLC lifted its stake in shares of Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after purchasing an additional 79,546 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

Shares of ROL opened at $49.69 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 51.76 and a beta of 0.76. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. The stock has a 50 day moving average of $48.12 and a 200-day moving average of $48.90.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 annualized dividend and a yield of 1.33%. Rollins’s payout ratio is 68.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group boosted their price target on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company raised their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group began coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.50.

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.