Pacer Advisors Inc. Cuts Stock Position in Rollins, Inc. (NYSE:ROL)

Pacer Advisors Inc. trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 18.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,220 shares of the business services provider’s stock after selling 4,548 shares during the period. Pacer Advisors Inc.’s holdings in Rollins were worth $987,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Accretive Wealth Partners LLC lifted its holdings in Rollins by 2.2% in the 4th quarter. Accretive Wealth Partners LLC now owns 16,759 shares of the business services provider’s stock worth $732,000 after purchasing an additional 355 shares in the last quarter. Olympiad Research LP purchased a new position in shares of Rollins in the fourth quarter worth $204,000. TFO Wealth Partners LLC boosted its position in shares of Rollins by 47,772.7% during the fourth quarter. TFO Wealth Partners LLC now owns 5,266 shares of the business services provider’s stock worth $230,000 after acquiring an additional 5,255 shares during the last quarter. Bank of Nova Scotia grew its stake in Rollins by 23.2% during the fourth quarter. Bank of Nova Scotia now owns 44,713 shares of the business services provider’s stock valued at $1,953,000 after acquiring an additional 8,414 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Rollins by 5.1% in the 4th quarter. California State Teachers Retirement System now owns 459,608 shares of the business services provider’s stock valued at $20,071,000 after acquiring an additional 22,245 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Down 0.2 %

Shares of NYSE:ROL opened at $49.95 on Friday. The company has a market cap of $24.19 billion, a price-to-earnings ratio of 56.12 and a beta of 0.70. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $49.36 and a 200 day moving average price of $47.63.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Monday, August 12th. Rollins’s payout ratio is 67.42%.

Analyst Ratings Changes

ROL has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Wells Fargo & Company initiated coverage on Rollins in a report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target for the company. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the 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 sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction 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 owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

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.