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

New York State Common Retirement Fund decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 616,901 shares of the business services provider’s stock after selling 104,706 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Rollins worth $26,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ROL. CWM LLC boosted its position in shares of Rollins by 63.7% during the 3rd quarter. CWM LLC now owns 5,429 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 2,112 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Rollins by 13.8% during the 3rd quarter. IFP Advisors Inc now owns 6,037 shares of the business services provider’s stock valued at $225,000 after acquiring an additional 731 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Rollins by 16.9% during the 3rd quarter. DAVENPORT & Co LLC now owns 12,064 shares of the business services provider’s stock valued at $450,000 after acquiring an additional 1,740 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Rollins by 9.7% in the third quarter. Koshinski Asset Management Inc. now owns 10,001 shares of the business services provider’s stock valued at $373,000 after buying an additional 883 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in Rollins in the third quarter valued at about $801,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 1.4 %

Shares of NYSE:ROL opened at $44.90 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.65. The firm has a market capitalization of $21.76 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 3.48 and a beta of 0.63. The firm’s 50-day moving average is $44.54 and its two-hundred day moving average is $42.11. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.45.

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

Rollins Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the sale, the insider now directly owns 99,709 shares in the company, valued at $4,093,054.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the sale, the insider now directly owns 99,709 shares in the company, valued at $4,093,054.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the sale, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The disclosure for this sale can be found here. Insiders have sold 22,824 shares of company stock worth $994,558 over the last three months. Company insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group assumed coverage on shares of Rollins in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price on the stock. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

About Rollins

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.