Amalgamated Bank Increases Stock Position in Rollins, Inc. (NYSE:ROL)

Amalgamated Bank boosted its holdings in Rollins, Inc. (NYSE:ROL) by 9.2% in the 2nd quarter, Holdings Channel reports. The firm owned 58,958 shares of the business services provider’s stock after purchasing an additional 4,974 shares during the period. Amalgamated Bank’s holdings in Rollins were worth $2,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. APG Asset Management US Inc. purchased a new stake in shares of Rollins in the fourth quarter valued at about $77,075,000. TD Asset Management Inc raised its stake in Rollins by 217.3% during the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock valued at $107,804,000 after acquiring an additional 1,690,668 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in Rollins by 102.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,688,661 shares of the business services provider’s stock worth $73,744,000 after acquiring an additional 855,882 shares during the period. Premier Fund Managers Ltd purchased a new position in shares of Rollins in the 4th quarter valued at approximately $26,259,000. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Rollins by 10,056.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 485,068 shares of the business services provider’s stock valued at $21,183,000 after purchasing an additional 480,292 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROL. Wells Fargo & Company began coverage on shares of Rollins in a research report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.83.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $224,084.52. Following the sale, the insider now owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on 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 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. 4.69% of the stock is currently owned by insiders.

Rollins Price Performance

Shares of NYSE ROL opened at $50.50 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a one year low of $32.19 and a one year high of $51.96. The firm has a market capitalization of $24.45 billion, a P/E ratio of 56.74, a PEG ratio of 3.99 and a beta of 0.70. The company’s fifty day moving average is $49.28 and its two-hundred day moving average is $47.56.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, August 12th. Rollins’s 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.