State of New Jersey Common Pension Fund D Raises Holdings in Rollins, Inc. (NYSE:ROL)

State of New Jersey Common Pension Fund D grew its position in shares of Rollins, Inc. (NYSE:ROL) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 157,451 shares of the business services provider’s stock after purchasing an additional 22,240 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Rollins were worth $6,876,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Rollins by 18.7% during the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after buying an additional 5,041,371 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Rollins by 40.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after buying an additional 2,682,017 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Rollins by 18.4% during the third quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock worth $149,033,000 after buying an additional 620,179 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Rollins by 10.9% during the third quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock worth $118,172,000 after buying an additional 312,274 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Rollins by 19.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,200,424 shares of the business services provider’s stock valued at $82,142,000 after purchasing an additional 363,386 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 1.4 %

Shares of NYSE ROL traded up $0.63 during midday trading on Friday, reaching $44.90. 1,685,554 shares of the company’s stock were exchanged, compared to its average volume of 1,958,394. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.45. The stock has a market capitalization of $21.76 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.71. The business’s fifty day moving average price is $44.46 and its two-hundred day moving average price is $42.06.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million for the quarter, compared to analyst estimates of $739.12 million. Rollins had a return on equity of 37.47% and a net margin of 13.94%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. Rollins’s dividend payout ratio (DPR) is 67.42%.

Analyst Ratings Changes

ROL has been the subject of a number of analyst reports. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on Rollins in a report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, February 15th. UBS Group restated a “neutral” rating and set a $49.00 price objective on shares of Rollins in a report on Monday, April 15th. Finally, Morgan Stanley raised their price objective on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the transaction, the insider now directly owns 99,709 shares in the company, valued at $4,093,054.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the transaction, the insider now directly owns 99,709 shares in the company, valued at $4,093,054.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of the business’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 value 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 disclosure for this sale can be found here. Insiders sold a total of 22,824 shares of company stock worth $994,558 over the last ninety days. Company insiders own 4.69% of the company’s stock.

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.