Patton Fund Management Inc. Sells 22,625 Shares of Rollins, Inc. $ROL

Patton Fund Management Inc. trimmed its stake in shares of Rollins, Inc. (NYSE:ROL) by 26.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,449 shares of the business services provider’s stock after selling 22,625 shares during the period. Patton Fund Management Inc.’s holdings in Rollins were worth $3,442,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ROL. LRI Investments LLC boosted its stake in Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after purchasing an additional 183 shares during the period. New Mexico Educational Retirement Board raised its position in Rollins by 1.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after buying an additional 200 shares during the last quarter. Inspire Investing LLC boosted its position in Rollins by 3.9% during the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after acquiring an additional 203 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of Rollins by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 18,288 shares of the business services provider’s stock worth $1,098,000 after acquiring an additional 221 shares in the last quarter. Finally, Keel Point LLC raised its holdings in shares of Rollins by 5.4% in the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 238 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROL. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Finally, Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.07.

Rollins Stock Down 0.1%

NYSE:ROL opened at $43.21 on Monday. Rollins, Inc. has a twelve month low of $42.61 and a twelve month high of $66.14. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 39.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $50.61 and its two-hundred day moving average price is $56.06.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts expect that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio is 66.97%.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.