Rollins, Inc. (NYSE:ROL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 14.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 616,901 shares of the business services provider’s stock after selling 104,706 shares during the period. New York State Common Retirement Fund’s holdings in Rollins were worth $26,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROL. Treasurer of the State of North Carolina increased its holdings in shares of Rollins by 14.9% in the 3rd quarter. Treasurer of the State of North Carolina now owns 118,662 shares of the business services provider’s stock valued at $4,430,000 after acquiring an additional 15,393 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Rollins in the 4th quarter valued at approximately $1,617,000. Asset Management One Co. Ltd. increased its holdings in shares of Rollins by 17.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 171,348 shares of the business services provider’s stock valued at $7,498,000 after acquiring an additional 25,709 shares during the last quarter. Crown Oak Advisors LLC bought a new position in Rollins during the 4th quarter worth $9,547,000. Finally, Briaud Financial Planning Inc acquired a new stake in Rollins in the third quarter worth $98,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In related news, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the chief financial officer now owns 99,078 shares in the company, valued at approximately $4,575,422.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the sale, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 10,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The disclosure for this sale can be found here. Insiders sold 22,824 shares of company stock worth $994,558 in the last quarter. 4.69% of the stock is owned by company insiders.

Rollins Trading Up 1.4 %

NYSE:ROL opened at $44.90 on Friday. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.45. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 3.48 and a beta of 0.63. The business has a fifty day moving average of $44.54 and a 200-day moving average of $42.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.72.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The company had revenue of $748.35 million during the quarter, compared to analysts’ expectations of $739.12 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts predict that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. Rollins’s dividend payout ratio (DPR) is 67.42%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROL shares. Morgan Stanley increased their target price on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, February 15th. The Goldman Sachs Group started coverage on Rollins in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price on the stock. Finally, UBS Group reaffirmed a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Rollins Company 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.