Axecap Investments LLC Has $908,000 Position in Rollins, Inc. (NYSE:ROL)

Axecap Investments LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,599 shares of the business services provider’s stock after buying an additional 962 shares during the quarter. Axecap Investments LLC’s holdings in Rollins were worth $908,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Rollins during the 3rd quarter worth about $28,000. True Wealth Design LLC lifted its holdings in shares of 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 purchasing an additional 769 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 valued at $41,000 after purchasing an additional 326 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Rollins during the 3rd quarter valued at about $52,000. Finally, Intact Investment Management Inc. bought a new position in shares of Rollins during the 3rd quarter valued at about $71,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rollins

In other 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 transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays assumed coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Canaccord Genuity Group assumed coverage on Rollins in a report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective on the stock. Morgan Stanley lifted their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Rollins presently has a consensus rating of “Hold” and an average price target of $51.50.

Rollins Trading Down 0.3 %

NYSE ROL opened at $49.93 on Tuesday. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 52.01 and a beta of 0.76. The stock’s 50 day moving average price is $47.98 and its two-hundred day moving average price is $48.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16.

Rollins Dividend Announcement

The company 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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, February 25th. Rollins’s payout ratio is 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.