Kentucky Retirement Systems Sells 1,595 Shares of Rollins, Inc. (NYSE:ROL)

Kentucky Retirement Systems cut its position in shares of Rollins, Inc. (NYSE:ROL) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,569 shares of the business services provider’s stock after selling 1,595 shares during the period. Kentucky Retirement Systems’ holdings in Rollins were worth $990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 203 shares during the period. B.O.S.S. Retirement Advisors LLC raised its position in Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares during the period. Quent Capital LLC raised its holdings in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after buying an additional 236 shares during the period. Mather Group LLC. raised its holdings in shares of Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after buying an additional 246 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after buying an additional 249 shares during the period. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROL. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Barclays assumed coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company raised their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.83.

Rollins Trading Down 1.1 %

ROL opened at $49.50 on Wednesday. The stock’s fifty day moving average is $49.57 and its two-hundred day moving average is $48.77. The company has a market capitalization of $23.97 billion, a P/E ratio of 51.56 and a beta of 0.70. Rollins, Inc. has a 52 week low of $39.20 and a 52 week high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. Analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,120 shares of company stock valued at $1,209,993. 4.69% of the stock is currently 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.