Teacher Retirement System of Texas trimmed its stake in shares of Rollins Inc. (NYSE:ROL) by 46.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,595 shares of the business services provider’s stock after selling 75,870 shares during the period. Teacher Retirement System of Texas’ holdings in Rollins were worth $4,521,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in Rollins by 15.9% in the 4th quarter. Bank of Montreal Can now owns 24,472 shares of the business services provider’s stock valued at $1,138,000 after buying an additional 3,356 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Rollins by 1.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 394,719 shares of the business services provider’s stock valued at $18,367,000 after buying an additional 7,202 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Rollins in the 4th quarter valued at $325,000. First Manhattan Co. acquired a new stake in Rollins in the 4th quarter valued at $185,000. Finally, SG Americas Securities LLC increased its stake in Rollins by 422.5% in the 4th quarter. SG Americas Securities LLC now owns 55,066 shares of the business services provider’s stock valued at $2,562,000 after buying an additional 44,527 shares during the last quarter. Institutional investors and hedge funds own 37.93% of the company’s stock.
Several equities research analysts have issued reports on ROL shares. Zacks Investment Research lowered shares of Rollins from a “hold” rating to a “sell” rating in a research note on Saturday, April 21st. Buckingham Research started coverage on shares of Rollins in a research note on Wednesday, May 9th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, William Blair started coverage on shares of Rollins in a research note on Monday, January 29th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.50.
Shares of Rollins opened at $50.12 on Friday, according to MarketBeat Ratings. Rollins Inc. has a one year low of $39.90 and a one year high of $54.25. The stock has a market capitalization of $10.98 billion, a PE ratio of 54.70 and a beta of 0.24.
Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Rollins had a net margin of 10.97% and a return on equity of 30.79%. The firm had revenue of $408.70 million during the quarter, compared to the consensus estimate of $402.95 million. During the same period last year, the business earned $0.17 EPS. The business’s revenue was up 8.9% on a year-over-year basis. sell-side analysts expect that Rollins Inc. will post 1.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Thursday, May 10th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, May 9th. Rollins’s dividend payout ratio (DPR) is presently 64.37%.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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