Mutual of America Capital Management LLC Sells 835 Shares of Rollins, Inc. (NYSE:ROL)

Mutual of America Capital Management LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 34,598 shares of the business services provider’s stock after selling 835 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rollins were worth $1,750,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. QRG Capital Management Inc. raised its position in shares of Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after purchasing an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after acquiring an additional 212 shares during the last quarter. Quent Capital LLC lifted its position in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares in the last quarter. Mather Group LLC. lifted its position in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 249 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $4,533,010.12. This represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,120 shares of company stock valued at $1,209,993 over the last 90 days. 4.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rollins has an average rating of “Hold” and a consensus target price of $49.83.

Rollins Price Performance

NYSE ROL opened at $50.63 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.52 billion, a P/E ratio of 52.74 and a beta of 0.70. The company has a 50-day moving average price of $49.52 and a 200-day moving average price of $48.84. Rollins, Inc. has a 52 week low of $39.62 and a 52 week high of $52.16.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the firm posted $0.28 earnings per share. Rollins’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

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.