Teacher Retirement System of Texas Buys 364,626 Shares of Rollins, Inc. (NYSE:ROL)

Teacher Retirement System of Texas lifted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 1,542.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 388,272 shares of the business services provider's stock after purchasing an additional 364,626 shares during the period. Teacher Retirement System of Texas owned 0.08% of Rollins worth $20,978,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

ROL has been the topic of several research reports. Barclays upped their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Piper Sandler initiated coverage on shares of Rollins in a research report on Tuesday. They set an "overweight" rating and a $70.00 price target for the company. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 price objective (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Rollins presently has an average rating of "Moderate Buy" and a consensus price target of $59.90.

Insider Buying and Selling

In related news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value 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 represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction dated 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 sale, the chairman owned 662,727 shares in the company, valued at approximately $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 ninety days, insiders sold 43,842 shares of company stock worth $2,480,861. Insiders own 4.47% of the company's stock.

Rollins Trading Up 1.4%

Rollins stock traded up $0.80 during mid-day trading on Friday, hitting $56.44. 690,184 shares of the company's stock were exchanged, compared to its average volume of 1,761,912. The company's 50 day simple moving average is $56.74 and its 200-day simple moving average is $52.74. 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 market capitalization of $27.35 billion, a P/E ratio of 57.01 and a beta of 0.75. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week 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 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The company had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same quarter last year, the firm posted $0.20 earnings per share. Rollins's revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

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

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.