Arizona State Retirement System Acquires 748 Shares of Rollins, Inc. (NYSE:ROL)

Arizona State Retirement System raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,970 shares of the business services provider’s stock after acquiring an additional 748 shares during the quarter. Arizona State Retirement System’s holdings in Rollins were worth $3,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new stake in Rollins during the second quarter valued at about $29,000. KB Financial Partners LLC bought a new stake in shares of Rollins in the first quarter worth about $32,000. Cornerstone Planning Group LLC bought a new stake in shares of Rollins in the second quarter worth about $47,000. Fred Alger Management LLC bought a new stake in shares of Rollins in the third quarter worth about $41,000. Finally, Operose Advisors LLC bought a new stake in shares of Rollins in the third quarter worth about $47,000. 51.79% of the stock is owned by institutional investors.

Rollins Trading Down 0.1 %

Shares of NYSE ROL opened at $45.01 on Wednesday. The business’s 50 day moving average is $44.49 and its two-hundred day moving average is $41.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.65. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $47.45. The stock has a market capitalization of $21.81 billion, a P/E ratio of 51.15, a PEG ratio of 3.58 and a beta of 0.63.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $753.40 million. Rollins had a return on equity of 35.97% and a net margin of 14.15%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. As a group, research analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.33%. Rollins’s dividend payout ratio is 68.18%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROL. Morgan Stanley began coverage on Rollins in a report on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 target price on the stock. UBS Group reduced their target price on Rollins from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, February 16th. The Goldman Sachs Group assumed coverage on Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price on the stock. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

Insider Activity

In other news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the chief financial officer now owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Thomas D. Tesh sold 5,147 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $46.00, for a total value of $236,762.00. Following the transaction, the insider now owns 35,387 shares of the company’s stock, valued at $1,627,802. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the chief financial officer now directly owns 99,078 shares in the company, valued at approximately $4,575,422.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,824 shares of company stock valued at $994,558. 4.69% of the stock is currently owned by 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.