Tredje AP fonden Reduces Stock Holdings in Rollins, Inc. (NYSE:ROL)

Tredje AP fonden cut its holdings in Rollins, Inc. (NYSE:ROL) by 1.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 16,020 shares of the business services provider’s stock after selling 284 shares during the period. Tredje AP fonden’s holdings in Rollins were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Rollins in the 2nd quarter valued at about $33,000. Ridgewood Investments LLC purchased a new position in Rollins in the 2nd quarter worth approximately $34,000. Quent Capital LLC raised its holdings in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares during the last quarter. Principal Securities Inc. bought a new stake in Rollins in the 4th quarter worth $36,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Rollins by 10,233.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after purchasing an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ROL shares. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company assumed coverage on shares of Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Rollins currently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Trading Up 0.1 %

ROL opened at $50.15 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $51.96. The stock’s fifty day moving average is $49.24 and its two-hundred day moving average is $47.48. The company has a market capitalization of $24.28 billion, a P/E ratio of 56.35, a PEG ratio of 3.99 and a beta of 0.70.

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

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insiders Place Their Bets

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

Rollins 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.