Gulf International Bank UK Ltd Reduces Stock Holdings in Rollins, Inc. (NYSE:ROL)

Gulf International Bank UK Ltd lowered its position in Rollins, Inc. (NYSE:ROL) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,608 shares of the business services provider’s stock after selling 1,041 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Rollins were worth $1,231,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Rollins by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 32,231,567 shares of the business services provider’s stock valued at $1,407,553,000 after buying an additional 211,560 shares in the last quarter. Norges Bank purchased a new position in shares of Rollins in the fourth quarter valued at $256,862,000. Northern Trust Corp increased its position in shares of Rollins by 10.9% in the third quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock valued at $118,172,000 after buying an additional 312,274 shares in the last quarter. TD Asset Management Inc increased its position in shares of Rollins by 217.3% in the fourth quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock valued at $107,804,000 after buying an additional 1,690,668 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Rollins by 23.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,085,834 shares of the business services provider’s stock valued at $77,864,000 after acquiring an additional 397,443 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

ROL has been the topic of a number of analyst reports. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. UBS Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research note on Monday, April 15th. Finally, Morgan Stanley increased their price objective on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Rollins Price Performance

Shares of NYSE:ROL opened at $49.35 on Friday. The stock’s 50-day moving average price is $46.11 and its two-hundred day moving average price is $44.67. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $50.09. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.77 and a beta of 0.66.

Rollins (NYSE:ROL) last issued its quarterly 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. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The firm had revenue of $748.35 million for the quarter, compared to analyst estimates of $739.12 million. During the same period last year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, research analysts forecast that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, May 9th. Rollins’s payout ratio is 67.42%.

Insider Transactions at Rollins

In other news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the transaction, the chief financial officer now directly owns 90,747 shares in the company, valued at approximately $4,310,482.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the transaction, the chief financial officer now directly owns 90,747 shares in the company, valued at approximately $4,310,482.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, the chief executive officer now owns 288,671 shares in the company, valued at $13,625,271.20. The disclosure for this sale can be found here. Insiders have sold a total of 20,331 shares of company stock worth $949,623 in the last three months. 4.69% of the stock is currently owned by company 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.