New York State Common Retirement Fund Trims Stake in Rollins, Inc. (NYSE:ROL)

New York State Common Retirement Fund lessened its position in shares of Rollins, Inc. (NYSE:ROL) by 7.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 455,073 shares of the business services provider’s stock after selling 34,501 shares during the quarter. New York State Common Retirement Fund’s holdings in Rollins were worth $21,093,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank increased its stake in Rollins by 0.5% in the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock valued at $2,337,000 after buying an additional 236 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Rollins by 1.9% in the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 252 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in shares of Rollins by 3.0% during the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock worth $509,000 after acquiring an additional 289 shares during the period. Mather Group LLC. increased its stake in shares of Rollins by 9.8% during the fourth quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock worth $154,000 after acquiring an additional 298 shares during the period. Finally, Empirical Finance LLC raised its holdings in Rollins by 3.9% during the third quarter. Empirical Finance LLC now owns 8,123 shares of the business services provider’s stock worth $411,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Down 0.1 %

ROL opened at $51.29 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. Rollins, Inc. has a one year low of $41.30 and a one year high of $52.83. The business’s fifty day moving average is $48.23 and its two-hundred day moving average is $49.08.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. Rollins’s dividend payout ratio is presently 68.75%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays assumed coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Canaccord Genuity Group boosted their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.00.

About Rollins

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.