New Mexico Educational Retirement Board Cuts Stock Holdings in Rollins, Inc. (NYSE:ROL)

Posted by Defense World Staff on Aug 3rd, 2023

New Mexico Educational Retirement Board decreased its position in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,675 shares of the business services provider’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Rollins were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ROL. Markel Corp grew its holdings in shares of Rollins by 0.4% during the first quarter. Markel Corp now owns 1,248,275 shares of the business services provider’s stock valued at $43,752,000 after buying an additional 5,000 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Rollins by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 228,203 shares of the business services provider’s stock valued at $7,999,000 after buying an additional 10,319 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Rollins by 19.1% during the first quarter. American Century Companies Inc. now owns 17,031 shares of the business services provider’s stock valued at $597,000 after buying an additional 2,730 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Rollins by 4.7% during the first quarter. HighTower Advisors LLC now owns 49,502 shares of the business services provider’s stock valued at $1,731,000 after buying an additional 2,243 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in Rollins by 24.3% in the first quarter. Natixis Advisors L.P. now owns 46,760 shares of the business services provider’s stock worth $1,639,000 after purchasing an additional 9,129 shares during the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group assumed coverage on shares of Rollins in a research report on Wednesday, May 31st. They issued a “buy” rating and a $48.00 target price for the company. Bank of America assumed coverage on shares of Rollins in a research report on Wednesday, July 5th. They issued a “buy” rating and a $49.00 target price for the company. Stifel Nicolaus lifted their target price on shares of Rollins from $37.00 to $40.00 in a research report on Friday, April 28th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Royal Bank of Canada lifted their price target on shares of Rollins from $45.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $46.57.

Get Our Latest Report on ROL

Insider Activity at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 17,982 shares of Rollins stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $41.42, for a total transaction of $744,814.44. Following the transaction, the insider now owns 138,964 shares in the company, valued at approximately $5,755,888.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Rollins news, major shareholder Timothy Curtis Rollins sold 17,982 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $41.42, for a total value of $744,814.44. Following the sale, the insider now owns 138,964 shares in the company, valued at approximately $5,755,888.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth D. Krause sold 12,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $40.78, for a total transaction of $489,360.00. Following the completion of the sale, the chief financial officer now owns 82,764 shares in the company, valued at approximately $3,375,115.92. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

Rollins Trading Up 1.6 %

Shares of Rollins stock opened at $41.29 on Thursday. The company’s fifty day simple moving average is $42.03 and its 200-day simple moving average is $39.25. The stock has a market capitalization of $20.35 billion, a PE ratio of 52.27, a P/E/G ratio of 3.33 and a beta of 0.66. Rollins, Inc. has a 1-year low of $33.38 and a 1-year high of $45.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.81 and a quick ratio of 0.75.

Rollins (NYSE:ROL – Get Free Report) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.60% and a return on equity of 31.00%. The company had revenue of $820.75 million for the quarter, compared to analysts’ expectations of $804.93 million. During the same quarter in the previous year, the company earned $0.20 EPS. Rollins’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts anticipate that Rollins, Inc. will post 0.86 earnings per share for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 9th. Rollins’s dividend payout ratio (DPR) is 65.82%.

Rollins Profile

(Free Report)

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.