Kentucky Retirement Systems Sells 1,142 Shares of Rollins, Inc. (NYSE:ROL)

Kentucky Retirement Systems lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 5.1% in the first quarter, Holdings Channel.com reports. The fund owned 21,320 shares of the business services provider’s stock after selling 1,142 shares during the period. Kentucky Retirement Systems’ holdings in Rollins were worth $986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in shares of Rollins by 72.4% during the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after acquiring an additional 260 shares during the period. Spire Wealth Management boosted its holdings in shares of Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after buying an additional 440 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Rollins in the 4th quarter worth about $36,000. Blue Trust Inc. increased its stake in shares of Rollins by 65.9% in the 4th quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after acquiring an additional 577 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Rollins by 22.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE:ROL traded up $0.93 during trading hours on Monday, reaching $46.86. The company had a trading volume of 509,714 shares, compared to its average volume of 1,782,224. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 52.15, a PEG ratio of 3.50 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $48.27 and its 200-day moving average price is $45.84. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $50.87.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $891.90 million during the quarter, compared to analysts’ expectations of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. Rollins’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. On average, analysts forecast that Rollins, Inc. will post 1.01 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.28%. Rollins’s dividend payout ratio (DPR) is 67.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday. UBS Group restated a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research note on Monday, April 15th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Morgan Stanley upped their price objective on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.60.

Insider Buying and Selling at Rollins

In other news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the sale, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the transaction, the chief financial officer now owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now directly owns 288,671 shares in the company, valued at $13,625,271.20. The disclosure for this sale can be found here. 4.69% of the stock is owned by corporate insiders.

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.