Rollins, Inc. (NYSE:ROL) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Rollins, Inc. (NYSE:ROL) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,666 shares of the business services provider’s stock after selling 991 shares during the period. Mutual of America Capital Management LLC’s holdings in Rollins were worth $1,765,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rollins by 9.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock worth $1,353,000 after purchasing an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC increased its position in Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock worth $340,000 after purchasing an additional 2,254 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in Rollins in the 1st quarter worth about $225,000. Oppenheimer & Co. Inc. acquired a new position in Rollins in the 1st quarter worth about $464,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Rollins by 305.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider’s stock worth $8,631,000 after purchasing an additional 120,294 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Price Performance

Shares of NYSE:ROL opened at $55.81 on Monday. The business has a 50 day moving average price of $56.54 and a 200 day moving average price of $53.46. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 56.37 and a beta of 0.75. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.18%. Rollins’s payout ratio is 66.67%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROL. Jefferies Financial Group upgraded Rollins from a “hold” rating to a “buy” rating and upped their price target for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Canaccord Genuity Group upped their price target on Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price target (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Royal Bank Of Canada upped their price target on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Finally, Wall Street Zen upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.50.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman owned 662,727 shares of the company’s stock, valued at $37,623,011.79. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares of the company’s stock, valued at approximately $2,150,103.12. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is owned by corporate insiders.

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.