Arizona State Retirement System Buys 1,162 Shares of Rollins, Inc. (NYSE:ROL)

Arizona State Retirement System grew its stake in Rollins, Inc. (NYSE:ROL) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,401 shares of the business services provider’s stock after purchasing an additional 1,162 shares during the period. Arizona State Retirement System’s holdings in Rollins were worth $3,912,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Montrusco Bolton Investments Inc. lifted its stake in shares of Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after buying an additional 157,619 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Rollins by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock worth $104,347,000 after buying an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Rollins by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after buying an additional 164,720 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Activity

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the sale, the insider now directly owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Rollins Trading Up 0.2 %

Shares of NYSE:ROL opened at $51.80 on Friday. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $53.72. The business’s fifty day simple moving average is $49.24 and its 200-day simple moving average is $49.37. The company has a market capitalization of $25.08 billion, a PE ratio of 53.95 and a beta of 0.78. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ROL shares. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group increased their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Four investment 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, the company currently has an average rating of “Hold” and a consensus target price of $52.00.

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.