Kentucky Retirement Systems Acquires 2,386 Shares of Rollins, Inc. (NYSE:ROL)

Kentucky Retirement Systems grew its holdings in Rollins, Inc. (NYSE:ROLGet Rating) by 16.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,813 shares of the business services provider’s stock after purchasing an additional 2,386 shares during the period. Kentucky Retirement Systems’ holdings in Rollins were worth $587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Texas Permanent School Fund increased its stake in shares of Rollins by 1.9% in the 2nd quarter. Texas Permanent School Fund now owns 29,921 shares of the business services provider’s stock valued at $1,045,000 after purchasing an additional 563 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Rollins by 2.6% during the 2nd quarter. State of Michigan Retirement System now owns 66,858 shares of the business services provider’s stock valued at $2,335,000 after acquiring an additional 1,700 shares in the last quarter. ING Groep NV acquired a new stake in shares of Rollins during the 2nd quarter valued at $235,000. M&T Bank Corp boosted its holdings in shares of Rollins by 2.3% during the 2nd quarter. M&T Bank Corp now owns 13,398 shares of the business services provider’s stock valued at $433,000 after acquiring an additional 299 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Rollins during the 2nd quarter valued at $2,304,000. Institutional investors own 38.98% of the company’s stock.

Rollins Stock Performance

ROL stock opened at $41.59 on Friday. The firm has a market cap of $20.48 billion, a PE ratio of 59.41 and a beta of 0.65. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $37.34 and a 200-day moving average of $35.97. Rollins, Inc. has a 12-month low of $28.50 and a 12-month high of $43.06.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, November 9th. This is a positive change from Rollins’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 1.25%. Rollins’s dividend payout ratio is currently 74.29%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ROL shares. Jefferies Financial Group started coverage on Rollins in a report on Tuesday, October 25th. They set a “hold” rating and a $36.00 price objective on the stock. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Thursday, October 27th. Royal Bank of Canada raised Rollins from a “sector perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, September 6th. Finally, Wells Fargo & Company boosted their price objective on Rollins from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, October 27th.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 7,871 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $42.41, for a total value of $333,809.11. Following the transaction, the insider now owns 93,016 shares in the company, valued at $3,944,808.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Rollins news, CEO Gary W. Rollins sold 248,014 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $36.87, for a total transaction of $9,144,276.18. Following the sale, the chief executive officer now owns 218,958,738 shares in the company, valued at $8,073,008,670.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 7,871 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $42.41, for a total value of $333,809.11. Following the sale, the insider now owns 93,016 shares in the company, valued at approximately $3,944,808.56. The disclosure for this sale can be found here. Insiders sold a total of 2,413,672 shares of company stock valued at $88,939,971 over the last three months. Corporate insiders own 53.10% of the company’s stock.

About Rollins

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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.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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