IFM Investors Pty Ltd Sells 1,377 Shares of Rollins, Inc. (NYSE:ROL)

IFM Investors Pty Ltd cut its stake in Rollins, Inc. (NYSE:ROL) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,097 shares of the business services provider’s stock after selling 1,377 shares during the quarter. IFM Investors Pty Ltd’s holdings in Rollins were worth $2,736,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ROL. Intech Investment Management LLC lifted its position in Rollins by 502.8% in the first quarter. Intech Investment Management LLC now owns 572,181 shares of the business services provider’s stock worth $26,475,000 after buying an additional 477,256 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Rollins by 14.5% during the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after purchasing an additional 357,535 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Rollins by 4,697.4% during the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after purchasing an additional 317,353 shares during the last quarter. M&G Plc bought a new stake in shares of Rollins during the first quarter worth $14,072,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Rollins by 350.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $17,118,000 after purchasing an additional 286,780 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated 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 owns 89,338 shares in the company, valued at $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated 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 owns 89,338 shares in the company, valued at $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,056 shares of company stock worth $698,347 over the last quarter. Insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $46.54 on Monday. The firm has a market cap of $22.54 billion, a P/E ratio of 52.29 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 12 month low of $35.54 and a 12 month high of $51.96. The stock’s fifty day moving average price is $49.89 and its 200-day moving average price is $48.16.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. On average, equities research analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business 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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is 74.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.80.

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.