Rollins, Inc. (NYSE:ROL) Stake Lowered by Board of the Pension Protection Fund

Board of the Pension Protection Fund lowered its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 26.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,400 shares of the business services provider's stock after selling 5,600 shares during the period. Board of the Pension Protection Fund's holdings in Rollins were worth $832,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. City Holding Co. bought a new position in Rollins in the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Rollins during the fourth quarter valued at approximately $29,000. Mizuho Bank Ltd. acquired a new position in shares of Rollins during the fourth quarter worth approximately $37,000. CVA Family Office LLC grew its holdings in Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after buying an additional 340 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in Rollins in the 4th quarter valued at approximately $47,000. Institutional investors own 51.79% of the company's stock.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the transaction, the insider now owns 39,640 shares in the company, valued at $2,093,388.40. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman now directly owns 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ROL. Barclays lifted their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Canaccord Genuity Group upped their price objective on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Royal Bank Of Canada increased their target price on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Argus started coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Rollins currently has an average rating of "Moderate Buy" and a consensus price target of $58.78.

Rollins Price Performance

Shares of NYSE ROL traded up $0.51 during mid-day trading on Friday, reaching $56.19. The company had a trading volume of 2,824,129 shares, compared to its average volume of 1,762,855. The company has a 50-day moving average price of $56.62 and a two-hundred day moving average price of $52.43. The stock has a market cap of $27.23 billion, a PE ratio of 56.76 and a beta of 0.77. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. Rollins's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. On average, equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.17%. Rollins's dividend payout ratio is currently 66.67%.

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.