Ontario Teachers Pension Plan Board Acquires 574 Shares of Rollins, Inc. (NYSE:ROL)

Ontario Teachers Pension Plan Board increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,677 shares of the business services provider’s stock after purchasing an additional 574 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Rollins were worth $742,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. QRG Capital Management Inc. increased its holdings in shares of Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its holdings in Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares during the period. Quent Capital LLC raised its position in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares in the last quarter. Mather Group LLC. grew its position in Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after buying an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 249 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Up 0.4 %

NYSE ROL opened at $49.63 on Friday. Rollins, Inc. has a twelve month low of $39.62 and a twelve month high of $52.16. The business’s fifty day moving average is $49.53 and its 200 day moving average is $48.80. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.04 billion, a price-to-earnings ratio of 51.70 and a beta of 0.70.

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 business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. As a group, sell-side analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is 68.75%.

Analysts Set New Price Targets

ROL has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.83.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $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 sold 24,120 shares of company stock worth $1,209,993 over the last ninety days. 4.69% of the stock is owned by insiders.

About Rollins

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.