California Public Employees Retirement System Sells 7,167 Shares of Rollins, Inc. (NYSE:ROL)

California Public Employees Retirement System reduced its stake in Rollins, Inc. (NYSE:ROL) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,291,353 shares of the business services provider’s stock after selling 7,167 shares during the period. California Public Employees Retirement System owned approximately 0.27% of Rollins worth $59,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ROL. Norges Bank bought a new stake in Rollins in the fourth quarter valued at $176,784,000. Raymond James Financial Inc. acquired a new stake in shares of Rollins during the 4th quarter worth about $74,249,000. Point72 Asset Management L.P. bought a new position in Rollins during the 3rd quarter valued at about $28,980,000. Allspring Global Investments Holdings LLC boosted its position in Rollins by 96.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock valued at $46,046,000 after buying an additional 490,183 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Price Performance

Shares of ROL stock opened at $54.32 on Wednesday. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 56.58 and a beta of 0.78. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.43. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $51.11 and a 200 day moving average price of $49.62.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.22%. Rollins’s dividend payout ratio is currently 68.75%.

Insider Buying and Selling

In related news, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on 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 sale, the insider now owns 41,173 shares in the company, valued at approximately $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 valued at $945,882 over the last three months. Company insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley boosted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.00.

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.