Public Employees Retirement Association of Colorado Buys 29,465 Shares of Rollins, Inc. (NYSE:ROL)

Public Employees Retirement Association of Colorado boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 514,533 shares of the business services provider’s stock after purchasing an additional 29,465 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Rollins were worth $23,807,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in shares of Rollins by 72.4% in the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 260 shares during the period. Spire Wealth Management lifted its stake in shares of Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after buying an additional 440 shares during the last quarter. Principal Securities Inc. acquired a new stake in Rollins during the fourth quarter worth approximately $36,000. Blue Trust Inc. lifted its position in Rollins by 65.9% during the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after acquiring an additional 577 shares during the last quarter. Finally, Tobam acquired a new position in shares of Rollins in the first quarter valued at approximately $90,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Price Performance

Shares of Rollins stock traded up $1.19 on Monday, reaching $47.12. 755,079 shares of the stock were exchanged, compared to its average volume of 1,784,314. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $22.82 billion, a PE ratio of 52.65, a P/E/G ratio of 3.50 and a beta of 0.70. The firm’s 50 day moving average is $48.27 and its 200-day moving average is $45.84. Rollins, Inc. has a one year low of $32.19 and a one year high of $50.87.

Rollins (NYSE:ROL) last issued its quarterly earnings results 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. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. During the same quarter last year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Rollins, Inc. will post 1.01 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, August 12th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling

In related news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the sale, the chief financial officer now owns 90,747 shares in the company, valued at approximately $4,310,482.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kenneth D. Krause sold 3,331 shares of Rollins stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the transaction, the chief financial officer now owns 90,747 shares in the company, valued at $4,310,482.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the completion of the sale, the chief executive officer now owns 288,671 shares in the company, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. 4.69% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday. Morgan Stanley lifted their price objective on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, UBS Group reiterated a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

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.