Retirement Systems of Alabama Lowers Stock Position in Rollins, Inc. (NYSE:ROL)

Retirement Systems of Alabama reduced its position in Rollins, Inc. (NYSE:ROL) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,481 shares of the business services provider’s stock after selling 471 shares during the quarter. Retirement Systems of Alabama’s holdings in Rollins were worth $3,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROL. B.O.S.S. Retirement Advisors LLC lifted its stake in shares of Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares in the last quarter. Mather Group LLC. lifted its position in Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after buying an additional 246 shares in the last quarter. Federated Hermes Inc. lifted its position in Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares in the last quarter. Raymond James Trust N.A. grew its stake in Rollins by 1.9% during the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after buying an additional 252 shares during the period. Finally, Tortoise Investment Management LLC increased its position in shares of Rollins by 18.4% in the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ROL shares. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Morgan Stanley upped their price target on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by insiders.

Rollins Stock Performance

Shares of ROL opened at $46.92 on Friday. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 48.88 and a beta of 0.72. The business’s 50 day moving average is $49.18 and its two-hundred day moving average is $49.23.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Analysts forecast that Rollins, Inc. will post 0.99 EPS 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 issued a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, November 12th. Rollins’s payout ratio is currently 68.75%.

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.