Texas Permanent School Fund Purchases 563 Shares of Rollins, Inc. (NYSE:ROL)

Texas Permanent School Fund grew its position in shares of Rollins, Inc. (NYSE:ROLGet Rating) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,921 shares of the business services provider’s stock after buying an additional 563 shares during the quarter. Texas Permanent School Fund’s holdings in Rollins were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in shares of Rollins by 7.3% during the first quarter. Daiwa Securities Group Inc. now owns 13,809 shares of the business services provider’s stock valued at $484,000 after purchasing an additional 934 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Rollins by 5.9% during the first quarter. Park Avenue Securities LLC now owns 24,596 shares of the business services provider’s stock valued at $862,000 after purchasing an additional 1,369 shares during the last quarter. Markel Corp grew its stake in shares of Rollins by 0.4% during the first quarter. Markel Corp now owns 1,248,275 shares of the business services provider’s stock valued at $43,752,000 after purchasing an additional 5,000 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Rollins by 1.3% during the first quarter. Mutual of America Capital Management LLC now owns 30,485 shares of the business services provider’s stock valued at $1,068,000 after purchasing an additional 381 shares during the last quarter. Finally, Values First Advisors Inc. grew its stake in shares of Rollins by 9.0% during the first quarter. Values First Advisors Inc. now owns 10,865 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 898 shares during the last quarter. 38.98% of the stock is owned by institutional investors.

Insider Activity at Rollins

In other news, major shareholder Lor Inc sold 750,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $36.41, for a total value of $27,307,500.00. Following the sale, the insider now directly owns 216,841,263 shares in the company, valued at $7,895,190,385.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Lor Inc sold 750,000 shares of Rollins stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $36.41, for a total value of $27,307,500.00. Following the sale, the insider now directly owns 216,841,263 shares in the company, valued at $7,895,190,385.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jerry Jr. Gahlhoff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $36.00, for a total value of $144,000.00. Following the sale, the chief operating officer now owns 176,539 shares in the company, valued at approximately $6,355,404. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 797,871 shares of company stock valued at $29,202,589. 53.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Rollins Trading Up 1.5 %

NYSE ROL opened at $42.46 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.73. The stock’s 50-day moving average is $37.98 and its 200-day moving average is $36.27. Rollins, Inc. has a one year low of $28.50 and a one year high of $43.06. The firm has a market cap of $20.91 billion, a P/E ratio of 60.66 and a beta of 0.65.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Rollins’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, November 9th. Rollins’s dividend payout ratio (DPR) is presently 74.29%.

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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