Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.77 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Rollins, Inc. (NYSE:ROL) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,726 shares of the business services provider’s stock after selling 1,423 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rollins were worth $2,768,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after buying an additional 61,475 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Rollins during the 3rd quarter worth about $1,428,000. Westfield Capital Management Co. LP bought a new position in shares of Rollins in the 3rd quarter worth about $5,102,000. JPMorgan Chase & Co. lifted its stake in shares of Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after purchasing an additional 420,399 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Rollins by 136.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock valued at $12,327,000 after purchasing an additional 153,437 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 1.4 %

Shares of NYSE ROL opened at $52.37 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a 50-day moving average price of $50.45 and a 200-day moving average price of $49.48. The stock has a market capitalization of $25.40 billion, a P/E ratio of 54.55 and a beta of 0.78. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is 68.75%.

Analyst Upgrades and Downgrades

ROL has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group increased their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Finally, UBS Group upped their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the transaction, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,338 shares of company stock worth $945,882 in the last quarter. 4.69% of the stock is currently owned by corporate 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.