TD Asset Management Inc Cuts Position in Rollins, Inc. (NYSE:ROL)

Key Points

• TD Asset Management Inc decreased its stake in Rollins, Inc. by 17.3%, selling 332,144 shares during the first quarter, and now holds approximately 1.59 million shares valued at $85.86 million.
• Institutional investors currently own 51.79% of Rollins stock, with several firms increasing their positions significantly in the last quarter.
• Rollins recently announced a quarterly dividend of $0.165, representing an annualized dividend yield of 1.14% and a payout ratio of 65.35%.

TD Asset Management Inc cut its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 17.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,589,142 shares of the business services provider's stock after selling 332,144 shares during the period. TD Asset Management Inc owned approximately 0.33% of Rollins worth $85,861,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ROL. Geode Capital Management LLC raised its stake in shares of Rollins by 17.6% in the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after acquiring an additional 1,282,508 shares during the period. Invesco Ltd. grew its holdings in shares of Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after purchasing an additional 617,876 shares in the last quarter. Norges Bank acquired a new position in shares of Rollins in the fourth quarter valued at approximately $176,784,000. Northern Trust Corp grew its holdings in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after purchasing an additional 322,610 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after purchasing an additional 2,203,859 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm'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 sale, the insider owned 38,028 shares in the company, valued at approximately $2,150,103.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction 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 completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,921 shares of company stock valued at $4,120,613 in the last 90 days. Company insiders own 4.47% of the company's stock.

Analyst Ratings Changes

ROL has been the subject of several analyst reports. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Canaccord Genuity Group boosted their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Wells Fargo & Company reiterated an "overweight" rating and set a $65.00 price target (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Finally, Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Stock Performance

ROL stock traded down $0.07 on Thursday, hitting $57.57. The company's stock had a trading volume of 527,273 shares, compared to its average volume of 1,904,200. The firm has a 50 day moving average of $56.62 and a two-hundred day moving average of $53.95. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $58.65. The stock has a market cap of $27.90 billion, a price-to-earnings ratio of 57.01 and a beta of 0.75. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

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

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 65.35%.

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.