State of New Jersey Common Pension Fund D Sells 11,057 Shares of Rollins, Inc. $ROL

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Rollins, Inc. by 10.4%, selling 11,057 shares and holding 94,944 shares worth $5.13 million as of the last SEC filing.
• Several analysts have rated Rollins highly, with target prices ranging from $50.00 to $72.00, indicating a general consensus rating of "Moderate Buy".
• Rollins has announced a quarterly dividend of $0.165 per share, with an ex-dividend date set for August 11th, representing an annual yield of approximately 1.2%.

State of New Jersey Common Pension Fund D lessened its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,944 shares of the business services provider's stock after selling 11,057 shares during the period. State of New Jersey Common Pension Fund D's holdings in Rollins were worth $5,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. City Holding Co. bought a new stake in shares of Rollins in the 1st quarter valued at about $27,000. GW&K Investment Management LLC lifted its stake in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. CVA Family Office LLC lifted its stake in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares during the last quarter. National Pension Service lifted its stake in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after acquiring an additional 462 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after acquiring an additional 411 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Wall Street Analyst Weigh In

ROL has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group raised their target price on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Barclays raised their target price on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Canaccord Genuity Group raised their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Stock Down 0.1%

NYSE:ROL traded down $0.05 during mid-day trading on Friday, hitting $57.95. 1,117,500 shares of the company's stock were exchanged, compared to its average volume of 1,849,961. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. 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 business has a fifty day moving average price of $56.83 and a 200 day moving average price of $54.99. The company has a market cap of $28.08 billion, a PE ratio of 57.38 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The business 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%. Rollins's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, August 11th. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.47% of the company's stock.

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.