Sei Investments Co. Sells 40,975 Shares of Rollins, Inc. (NYSE:ROL)

Sei Investments Co. trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 6.1% in the 2nd quarter, Holdings Channel reports. The fund owned 631,177 shares of the business services provider’s stock after selling 40,975 shares during the quarter. Sei Investments Co.’s holdings in Rollins were worth $30,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ROL. Bridges Investment Management Inc. boosted its holdings in Rollins by 440.9% in the 2nd quarter. Bridges Investment Management Inc. now owns 261,049 shares of the business services provider’s stock valued at $12,737,000 after purchasing an additional 212,789 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Rollins by 8.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,870 shares of the business services provider’s stock worth $433,000 after buying an additional 666 shares in the last quarter. Trust Investment Advisors acquired a new stake in Rollins during the second quarter worth about $212,000. Intech Investment Management LLC increased its stake in Rollins by 1.8% during the second quarter. Intech Investment Management LLC now owns 582,451 shares of the business services provider’s stock valued at $28,418,000 after acquiring an additional 10,270 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Rollins by 12.1% in the 2nd quarter. Hsbc Holdings PLC now owns 1,002,351 shares of the business services provider’s stock valued at $48,963,000 after acquiring an additional 108,239 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.7 %

ROL opened at $50.50 on Tuesday. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 56.74, a PEG ratio of 3.99 and a beta of 0.70. 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 firm’s 50-day simple moving average is $49.28 and its 200-day simple moving average is $47.56. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $51.96.

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 the consensus estimate of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. 4.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.