New York State Teachers Retirement System Has $14.32 Million Holdings in Rollins, Inc. $ROL

Key Points

• New York State Teachers Retirement System reduced its stake in Rollins, Inc. by 3.1%, owning 253,719 shares valued at approximately $14.32 million as of the end of the second quarter.
• Rollins reported a quarterly earnings per share (EPS) of $0.30, beating expectations, with revenue up 12.1% year-over-year, totaling $999.53 million.
• The firm has declared a quarterly dividend of $0.165 per share, resulting in a yield of 1.2%, with a payout ratio of 65.35%.

New York State Teachers Retirement System lessened its position in Rollins, Inc. (NYSE:ROL - Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,719 shares of the business services provider's stock after selling 8,158 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of Rollins worth $14,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR acquired a new stake in shares of Rollins in the second quarter valued at about $1,710,000. Harbour Investments Inc. lifted its position in shares of Rollins by 139.0% during the 2nd quarter. Harbour Investments Inc. now owns 3,774 shares of the business services provider's stock worth $213,000 after purchasing an additional 2,195 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Rollins by 9.2% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider's stock valued at $147,000 after purchasing an additional 220 shares during the period. Moran Wealth Management LLC grew its holdings in Rollins by 1,332.3% in the 2nd quarter. Moran Wealth Management LLC now owns 211,648 shares of the business services provider's stock valued at $11,941,000 after buying an additional 196,871 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in Rollins in the 2nd quarter valued at approximately $236,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Up 1.1%

Shares of ROL stock opened at $55.85 on Friday. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a fifty day moving average price of $57.05 and a 200 day moving average price of $56.51. The stock has a market cap of $27.07 billion, a P/E ratio of 55.30 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 11th. Rollins's dividend payout ratio is 65.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROL. Weiss Ratings reiterated a "buy (b)" rating on shares of Rollins in a report on Tuesday, October 14th. Piper Sandler upped their target price on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. UBS Group boosted their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. started coverage on shares of Rollins in a research report on Friday, September 26th. They set an "overweight" rating and a $70.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.18.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.47% of the stock is currently owned by corporate insiders.

Rollins 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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