Kentucky Retirement Systems Insurance Trust Fund Has $429,000 Position in Rollins, Inc. (NYSE:ROL)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,265 shares of the business services provider’s stock after selling 737 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Rollins were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Rollins during the 4th quarter worth approximately $256,862,000. APG Asset Management US Inc. bought a new stake in Rollins during the 4th quarter worth approximately $77,075,000. TD Asset Management Inc increased its stake in Rollins by 217.3% during the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after purchasing an additional 1,690,668 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new stake in Rollins during the 4th quarter worth approximately $47,089,000. Finally, Epoch Investment Partners Inc. increased its stake in Rollins by 102.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,688,661 shares of the business services provider’s stock worth $73,744,000 after purchasing an additional 855,882 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on ROL shares. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday. UBS Group reaffirmed a “neutral” rating and set a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Finally, Morgan Stanley upped their price target on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.60.

Insider Activity at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $47.20, for a total transaction of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth D. Krause sold 3,331 shares of Rollins stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the sale, the chief financial officer now directly owns 90,747 shares in the company, valued at $4,310,482.50. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by insiders.

Rollins Stock Up 2.0 %

Shares of NYSE ROL traded up $0.93 during trading hours on Monday, hitting $46.86. The company had a trading volume of 509,714 shares, compared to its average volume of 1,782,224. The stock has a market capitalization of $22.69 billion, a P/E ratio of 52.15, a price-to-earnings-growth ratio of 3.50 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $50.87. The firm’s 50 day moving average is $48.27 and its 200-day moving average is $45.84.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 1.01 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, August 12th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

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.