Rollins, Inc. (NYSE:ROL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 4.7% during the third quarter, Holdings Channel.com reports. The fund owned 102,680 shares of the business services provider’s stock after selling 5,034 shares during the period. Public Employees Retirement System of Ohio’s holdings in Rollins were worth $5,194,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ROL. Nomura Asset Management Co. Ltd. grew its holdings in Rollins by 65.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 131,362 shares of the business services provider’s stock valued at $6,644,000 after purchasing an additional 52,112 shares during the period. Kensington Investment Counsel LLC grew its stake in Rollins by 2.8% in the 3rd quarter. Kensington Investment Counsel LLC now owns 37,857 shares of the business services provider’s stock valued at $1,915,000 after acquiring an additional 1,026 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Rollins by 17.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,526 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,269 shares in the last quarter. National Bank of Canada FI raised its position in Rollins by 133.4% during the third quarter. National Bank of Canada FI now owns 180,959 shares of the business services provider’s stock worth $9,153,000 after acquiring an additional 103,426 shares during the period. Finally, Wahed Invest LLC lifted its holdings in Rollins by 10.7% during the third quarter. Wahed Invest LLC now owns 6,784 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

ROL stock opened at $48.77 on Friday. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market capitalization of $23.62 billion, a PE ratio of 50.80 and a beta of 0.72. The business has a 50 day simple moving average of $49.35 and a 200-day simple moving average of $49.19.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $0.165 per share. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ROL. Wells Fargo & Company boosted their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Barclays initiated coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.67.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

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.