Intech Investment Management LLC Trims Holdings in Rollins, Inc. $ROL

Key Points

• Intech Investment Management LLC reduced its holdings in Rollins, Inc. by 60.3%, selling 187,142 shares during the first quarter, leaving them with 123,200 shares valued at approximately $6.66 million.
• Rollins, Inc. has seen recent analyst activity, with Barclays raising its target price from $55.00 to $60.00, and a consensus price target now at $61.40 among several firms rating the stock as a Moderate Buy.
• The company reported quarterly earnings of $0.30 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.165 per share, yielding 1.1% annually.

Intech Investment Management LLC decreased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 60.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,200 shares of the business services provider's stock after selling 187,142 shares during the period. Intech Investment Management LLC's holdings in Rollins were worth $6,656,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROL. Bank Pictet & Cie Europe AG raised its position in shares of Rollins by 6.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after buying an additional 4,100 shares during the period. Bank of America Corp DE grew its position in Rollins by 2.8% during the fourth quarter. Bank of America Corp DE now owns 927,703 shares of the business services provider's stock valued at $42,999,000 after acquiring an additional 25,567 shares during the period. Focus Partners Wealth acquired a new stake in Rollins during the fourth quarter worth about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rollins by 9.7% during the fourth 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 during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Rollins by 19.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 12,382 shares of the business services provider's stock worth $574,000 after purchasing an additional 2,031 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Down 1.4%

Rollins stock traded down $0.79 during midday trading on Friday, hitting $57.43. 1,806,469 shares of the company were exchanged, compared to its average volume of 1,332,427. The company has a market cap of $27.83 billion, a PE ratio of 56.86 and a beta of 0.69. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. The company's fifty day moving average price is $56.97 and its 200-day moving average price is $55.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business's quarterly revenue was up 12.1% 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were issued a $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. Rollins's payout ratio is currently 65.35%.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROL. Wells Fargo & Company reiterated an "overweight" rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Argus initiated 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. Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, UBS Group lifted their target price on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

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.