California State Teachers Retirement System Trims Stake in Rollins, Inc. (NYSE:ROL)

California State Teachers Retirement System cut its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 474,916 shares of the business services provider's stock after selling 15,332 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Rollins worth $22,012,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after acquiring an additional 2,574 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Rollins by 169.6% in the 4th 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 period. KBC Group NV boosted its holdings in Rollins by 68.0% in the 4th quarter. KBC Group NV now owns 247,082 shares of the business services provider's stock valued at $11,452,000 after purchasing an additional 99,990 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Rollins by 45.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 287,536 shares of the business services provider's stock worth $13,327,000 after purchasing an additional 89,899 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Rollins during the fourth quarter worth $4,943,000. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

Shares of ROL traded down $0.50 during mid-day trading on Tuesday, hitting $58.08. The company's stock had a trading volume of 476,891 shares, compared to its average volume of 1,740,660. The firm has a 50-day moving average price of $55.48 and a 200 day moving average price of $51.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The stock has a market capitalization of $28.15 billion, a price-to-earnings ratio of 60.50 and a beta of 0.79. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.03.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The company had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same quarter in the prior year, the business posted $0.20 EPS. Rollins's quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be issued a $0.165 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.14%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Royal Bank of Canada increased their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Canaccord Genuity Group boosted their price target on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. Finally, Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and lifted their target price for the stock from $55.00 to $65.00 in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.

Insider Transactions at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the sale, the insider now directly owns 39,640 shares of the company's stock, valued at approximately $2,093,388.40. This represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman now owns 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,763 shares of company stock valued at $2,580,331 over the last 90 days. 4.47% of the stock is owned by company insiders.

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.