Texas Permanent School Fund Corp Has $2.26 Million Position in Rollins, Inc. (NYSE:ROL)

Texas Permanent School Fund Corp trimmed its position in Rollins, Inc. (NYSE:ROL) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,410 shares of the business services provider’s stock after selling 11,634 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Rollins were worth $2,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Choreo LLC bought a new position in shares of Rollins during the 2nd quarter worth approximately $451,000. Quest Partners LLC acquired a new position in shares of Rollins in the second quarter valued at $33,000. Acadian Asset Management LLC raised its position in shares of Rollins by 1,384.9% in the second quarter. Acadian Asset Management LLC now owns 11,998 shares of the business services provider’s stock valued at $584,000 after purchasing an additional 11,190 shares during the period. Advisor OS LLC lifted its stake in shares of Rollins by 2.0% during the 2nd quarter. Advisor OS LLC now owns 23,306 shares of the business services provider’s stock worth $1,137,000 after buying an additional 454 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Rollins by 6.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,201 shares of the business services provider’s stock worth $303,000 after buying an additional 365 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ROL. Wells Fargo & Company began coverage on shares of Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price target on the stock. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Stock Performance

NYSE:ROL opened at $51.40 on Wednesday. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 57.75, a PEG ratio of 3.93 and a beta of 0.70. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $51.90. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a fifty day moving average price of $49.20 and a 200-day moving average price of $47.40.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, equities analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.17%. Rollins’s dividend payout ratio is currently 67.42%.

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.