Teachers Retirement System of The State of Kentucky Sells 364 Shares of Rollins, Inc. (NYSE:ROL)

Teachers Retirement System of The State of Kentucky lessened its position in Rollins, Inc. (NYSE:ROL) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,923 shares of the business services provider’s stock after selling 364 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Rollins were worth $1,007,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ROL. B.O.S.S. Retirement Advisors LLC lifted its stake in Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after acquiring an additional 212 shares during the period. Mather Group LLC. raised its holdings in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after purchasing an additional 246 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after purchasing an additional 249 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Rollins by 1.9% during the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 252 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Rollins by 18.4% during the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock valued at $84,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ROL. Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Morgan Stanley lifted their price target on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Rollins presently has an average rating of “Hold” and a consensus target price of $51.00.

Rollins Stock Down 2.2 %

Shares of NYSE:ROL opened at $47.18 on Thursday. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 49.15 and a beta of 0.72. The stock has a fifty day simple moving average of $49.28 and a two-hundred day simple moving average of $49.24. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. On average, research analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.40%. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. 4.69% 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.