Rollins, Inc. (NYSE:ROL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 455,073 shares of the business services provider’s stock after selling 34,501 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Rollins worth $21,093,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Montrusco Bolton Investments Inc. boosted its holdings in Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after acquiring an additional 1,154,722 shares during the period. Fiera Capital Corp acquired a new stake in shares of Rollins during the third quarter worth about $43,225,000. Point72 Asset Management L.P. purchased a new position in shares of Rollins in the third quarter valued at approximately $28,980,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Rollins by 96.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock valued at $46,046,000 after purchasing an additional 490,183 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 0.1 %

Shares of NYSE ROL opened at $51.29 on Friday. The business has a 50-day moving average of $48.23 and a two-hundred day moving average of $49.08. The company has a market capitalization of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. Rollins, Inc. has a 1 year low of $41.30 and a 1 year high of $52.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Wall Street Analyst Weigh In

Several brokerages have commented on ROL. Canaccord Genuity Group raised their price target on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group upped their price target on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Rollins has an average rating of “Hold” and an average price target of $52.00.

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.