Griffin Asset Management Inc. Sells 3,745 Shares of Rollins, Inc. (NYSE:ROL)

Griffin Asset Management Inc. trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,205 shares of the business services provider’s stock after selling 3,745 shares during the period. Griffin Asset Management Inc.’s holdings in Rollins were worth $1,076,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in shares of Rollins during the third quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake 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 increased its position in shares of Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after buying an additional 326 shares during the period. Capital Performance Advisors LLP bought a new position in Rollins in the third quarter worth about $52,000. Finally, Intact Investment Management Inc. purchased a new stake in Rollins in the third quarter worth about $71,000. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROL shares. UBS Group increased their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Morgan Stanley lifted their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Rollins has an average rating of “Hold” and a consensus target price of $51.50.

Rollins Price Performance

Shares of NYSE:ROL opened at $49.46 on Tuesday. The business has a 50-day simple moving average of $48.17 and a two-hundred day simple moving average of $48.90. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 51.52 and a beta of 0.75. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insiders Place Their Bets

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.69% of the company’s stock.

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.