Rollins, Inc. (NYSE:ROL) Holdings Cut by Sei Investments Co.

Sei Investments Co. cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 631,177 shares of the business services provider’s stock after selling 40,975 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Rollins worth $30,795,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Accretive Wealth Partners LLC grew its stake in Rollins by 2.2% during the 4th quarter. Accretive Wealth Partners LLC now owns 16,759 shares of the business services provider’s stock worth $732,000 after buying an additional 355 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Rollins during the fourth quarter worth about $36,000. Intech Investment Management LLC increased its holdings in shares of Rollins by 365.7% in the 4th quarter. Intech Investment Management LLC now owns 94,925 shares of the business services provider’s stock worth $4,145,000 after acquiring an additional 74,540 shares during the period. TD Asset Management Inc increased its holdings in shares of Rollins by 217.3% in the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after acquiring an additional 1,690,668 shares during the period. Finally, Olympiad Research LP bought a new stake in Rollins in the 4th quarter valued at about $204,000. 51.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s 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 approximately $4,533,010.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the sale, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.

Rollins Price Performance

Shares of Rollins stock opened at $50.50 on Tuesday. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $51.96. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The stock has a market cap of $24.45 billion, a PE ratio of 56.74, a price-to-earnings-growth ratio of 3.99 and a beta of 0.70. The company’s 50-day moving average price is $49.28 and its two-hundred day moving average price is $47.56.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were paid a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. Rollins’s dividend payout ratio is currently 67.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ROL. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company started coverage on Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

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.