State of New Jersey Common Pension Fund D Decreases Position in Rollins, Inc. (NYSE:ROL)

State of New Jersey Common Pension Fund D cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,001 shares of the business services provider’s stock after selling 474 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Rollins were worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Montrusco Bolton Investments Inc. raised its holdings in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after buying an additional 1,154,722 shares during the period. Geode Capital Management LLC raised its holdings in shares of Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after buying an additional 157,619 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Rollins by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock worth $109,655,000 after buying an additional 31,458 shares during the period. Finally, Eventide Asset Management LLC raised its holdings in shares of Rollins by 2.0% in the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock worth $88,004,000 after buying an additional 34,746 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 1.6 %

Shares of NYSE ROL opened at $50.79 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $24.60 billion, a PE ratio of 52.91 and a beta of 0.76. The stock’s fifty day simple moving average is $48.18 and its two-hundred day simple moving average is $49.07. Rollins, Inc. has a 12-month low of $40.76 and a 12-month high of $52.83.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Finally, Barclays started coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Hold” and an average price target of $52.00.

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.