Riverbridge Partners LLC Cuts Stake in Rollins, Inc. (NYSE:ROL)

Riverbridge Partners LLC reduced its stake in Rollins, Inc. (NYSE:ROL – Get Rating) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,452,078 shares of the business services provider’s stock after selling 134,517 shares during the period. Rollins makes up 1.9% of Riverbridge Partners LLC’s portfolio, making the stock its 15th biggest position. Riverbridge Partners LLC’s holdings in Rollins were worth $126,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in shares of Rollins during the second quarter valued at $29,000. Federated Hermes Inc. purchased a new stake in shares of Rollins during the second quarter valued at $40,000. Fred Alger Management LLC purchased a new stake in shares of Rollins during the third quarter valued at $41,000. Ronald Blue Trust Inc. purchased a new stake in shares of Rollins during the second quarter valued at $43,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of Rollins during the third quarter valued at $44,000. 38.98% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Down 1.2 %

Shares of ROL stock opened at $36.07 on Friday. Rollins, Inc. has a 12 month low of $31.43 and a 12 month high of $43.06. The stock has a market cap of $17.77 billion, a P/E ratio of 48.74 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $35.93 and a two-hundred day simple moving average of $37.16.

Rollins (NYSE:ROL – Get Rating) last announced its earnings results on Wednesday, February 15th. The business services provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The business had revenue of $661.40 million during the quarter, compared to analysts’ expectations of $661.44 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Rollins, Inc. will post 0.8 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 10th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.44%. Rollins’s dividend payout ratio (DPR) is presently 70.27%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROL. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. Redburn Partners assumed coverage on shares of Rollins in a report on Wednesday, February 1st. They issued a “buy” rating and a $62.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.25.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 2,129 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $36.57, for a total value of $77,857.53. Following the completion of the sale, the insider now directly owns 96,960 shares of the company’s stock, valued at $3,545,827.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 53.10% of the company’s stock.

About Rollins

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.