Louisiana State Employees Retirement System Has $700,000 Stock Holdings in Rollins, Inc. (NYSE:ROL)

Louisiana State Employees Retirement System lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,100 shares of the business services provider’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Rollins were worth $700,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. increased its position in Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after acquiring an additional 61,475 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Rollins during the third quarter worth about $1,428,000. Westfield Capital Management Co. LP bought a new position in Rollins during the third quarter worth about $5,102,000. Intech Investment Management LLC increased its position in Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after acquiring an additional 79,546 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after acquiring an additional 420,399 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 1.5 %

ROL opened at $49.96 on Wednesday. The company’s 50 day moving average is $48.13 and its 200-day moving average is $49.04. Rollins, Inc. has a 1-year low of $40.76 and a 1-year high of $52.83. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.19 billion, a P/E ratio of 52.04 and a beta of 0.76.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 12th. 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 14.18% and a return on equity of 38.67%. Equities research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.32%. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. UBS Group raised their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays started coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Finally, Canaccord Genuity Group raised their target price on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of “Hold” and an average target price of $52.00.

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.