State of Michigan Retirement System Sells 900 Shares of Rollins, Inc. (NYSE:ROL)

State of Michigan Retirement System reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 1.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,358 shares of the business services provider’s stock after selling 900 shares during the quarter. State of Michigan Retirement System’s holdings in Rollins were worth $3,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Rollins in the fourth quarter valued at about $172,000. Jones Financial Companies Lllp increased its holdings in Rollins by 169.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,672 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Rollins by 25.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 292 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Rollins by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 18,680 shares of the business services provider’s stock valued at $866,000 after acquiring an additional 614 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Rollins by 37.8% in the 4th quarter. QRG Capital Management Inc. now owns 7,944 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 2,179 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROL has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $52.00.

Rollins Price Performance

ROL stock opened at $51.80 on Friday. The stock has a 50-day moving average price of $49.24 and a two-hundred day moving average price of $49.37. The stock has a market cap of $25.08 billion, a PE ratio of 53.95 and a beta of 0.78. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.27%. Rollins’s payout ratio is presently 68.75%.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now owns 9,602 shares in the company, valued at $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

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.