Railway Pension Investments Ltd Sells 56,700 Shares of Rollins, Inc. $ROL

Railway Pension Investments Ltd lowered its holdings in Rollins, Inc. (NYSE:ROL) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 754,117 shares of the business services provider’s stock after selling 56,700 shares during the quarter. Railway Pension Investments Ltd’s holdings in Rollins were worth $42,547,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ROL. Vanguard Group Inc. lifted its holdings in Rollins by 1.4% during the second quarter. Vanguard Group Inc. now owns 35,239,976 shares of the business services provider’s stock worth $1,988,239,000 after buying an additional 503,433 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Rollins by 0.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock worth $553,464,000 after acquiring an additional 38,503 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Rollins by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after purchasing an additional 432,067 shares during the last quarter. Norges Bank bought a new stake in Rollins during the second quarter valued at about $218,593,000. Finally, AMF Tjanstepension AB grew its stake in Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock valued at $199,937,000 after purchasing an additional 2,346,592 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Down 0.0%

NYSE:ROL opened at $61.50 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company’s fifty day moving average price is $57.90 and its 200-day moving average price is $57.22. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $61.84. The firm has a market capitalization of $29.80 billion, a P/E ratio of 57.47 and a beta of 0.72.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $0.1825 per share. This is an increase from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, November 10th. Rollins’s dividend payout ratio (DPR) is 68.22%.

Wall Street Analysts Forecast Growth

ROL has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $64.00 price target on shares of Rollins in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research report on Monday, November 24th. JPMorgan Chase & Co. started coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Wells Fargo & Company set a $63.00 price target on Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 2,395 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.77, for a total value of $138,359.15. Following the completion of the transaction, the insider directly owned 34,732 shares of the company’s stock, valued at approximately $2,006,467.64. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.47% of the company’s stock.

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.