New York State Common Retirement Fund Sells 295,900 Shares of Rollins, Inc. (NYSE:ROL)

New York State Common Retirement Fund lessened its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 65.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,173 shares of the business services provider's stock after selling 295,900 shares during the period. New York State Common Retirement Fund's holdings in Rollins were worth $8,600,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROL. Geode Capital Management LLC increased its stake in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after purchasing an additional 1,282,508 shares in the last quarter. Invesco Ltd. increased its stake in Rollins by 16.9% in the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after buying an additional 617,876 shares in the last quarter. Norges Bank bought a new stake in Rollins during the fourth quarter valued at about $176,784,000. Northern Trust Corp lifted its position in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after acquiring an additional 322,610 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock worth $128,396,000 after acquiring an additional 2,203,859 shares during the period. Institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Royal Bank Of Canada upped 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 assumed coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Piper Sandler assumed coverage on Rollins in a report on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $60.50.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction 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 transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is currently owned by corporate insiders.

Rollins Trading Up 0.1%

NYSE:ROL opened at $55.81 on Friday. The stock has a market capitalization of $27.05 billion, a price-to-earnings ratio of 56.37 and a beta of 0.75. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $56.54 and a 200 day moving average of $53.36.

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

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.18%. Rollins's payout ratio is presently 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.

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