Elo Mutual Pension Insurance Co Sells 1,738 Shares of Rollins, Inc. (NYSE:ROL)

Elo Mutual Pension Insurance Co cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,798 shares of the business services provider’s stock after selling 1,738 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Rollins were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. Accretive Wealth Partners LLC grew its holdings in shares of Rollins by 2.2% during the 4th quarter. Accretive Wealth Partners LLC now owns 16,759 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 355 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Rollins during the 4th quarter valued at approximately $248,000. Principal Securities Inc. bought a new stake in shares of Rollins during the 4th quarter valued at approximately $36,000. Dimensional Fund Advisors LP boosted its position in Rollins by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,865,122 shares of the business services provider’s stock worth $81,452,000 after buying an additional 160,373 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Rollins by 22.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,004 shares of the business services provider’s stock worth $88,000 after buying an additional 365 shares during the period. 51.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 target price on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Stock Up 0.1 %

Shares of NYSE ROL opened at $50.15 on Friday. The company has a market capitalization of $24.28 billion, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 3.99 and a beta of 0.70. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $51.96. 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 company’s 50 day moving average price is $49.24 and its 200-day moving average price is $47.48.

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, hitting analysts’ consensus estimates of $0.27. The firm 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 company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. Equities analysts forecast that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 1.20%. Rollins’s dividend payout ratio is currently 67.42%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction 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 completion of the sale, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were 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 approximately $4,543,999.86. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by company insiders.

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.