Mutual of America Capital Management LLC Sells 835 Shares of Rollins, Inc. (NYSE:ROL)

Mutual of America Capital Management LLC cut its holdings in Rollins, Inc. (NYSE:ROL) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,598 shares of the business services provider’s stock after selling 835 shares during the period. Mutual of America Capital Management LLC’s holdings in Rollins were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC grew its holdings in Rollins by 4.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,991 shares of the business services provider’s stock worth $694,000 after buying an additional 586 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Rollins in the first quarter valued at about $1,590,000. 1832 Asset Management L.P. lifted its position in shares of Rollins by 55.9% during the first quarter. 1832 Asset Management L.P. now owns 14,029 shares of the business services provider’s stock valued at $649,000 after purchasing an additional 5,029 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Rollins by 9.8% during the first quarter. Lazard Asset Management LLC now owns 84,433 shares of the business services provider’s stock worth $3,906,000 after purchasing an additional 7,532 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Rollins by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 602,860 shares of the business services provider’s stock worth $27,896,000 after purchasing an additional 22,113 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ROL. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins has an average rating of “Hold” and an average target price of $49.83.

Rollins Stock Up 2.0 %

Rollins stock opened at $50.63 on Monday. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 52.74 and a beta of 0.70. The firm has a 50 day simple moving average of $49.52 and a 200 day simple moving average of $48.84. Rollins, Inc. has a 1-year low of $39.62 and a 1-year high of $52.16. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. On average, analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is 68.75%.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $4,533,010.12. The trade was a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,120 shares of company stock worth $1,209,993 in the last three months. 4.69% of the stock is currently owned by corporate insiders.

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.