IFM Investors Pty Ltd Purchases 2,491 Shares of Rollins, Inc. (NYSE:ROL)

IFM Investors Pty Ltd raised its position in Rollins, Inc. (NYSE:ROL) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,474 shares of the business services provider’s stock after buying an additional 2,491 shares during the quarter. IFM Investors Pty Ltd’s holdings in Rollins were worth $2,567,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Rollins in the fourth quarter valued at about $256,862,000. Vanguard Group Inc. boosted its holdings in Rollins by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock valued at $1,195,307,000 after purchasing an additional 5,041,371 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after purchasing an additional 2,682,017 shares in the last quarter. APG Asset Management US Inc. bought a new position in shares of Rollins during the fourth quarter worth approximately $77,075,000. Finally, TD Asset Management Inc raised its position in shares of Rollins by 217.3% in the fourth quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock valued at $107,804,000 after buying an additional 1,690,668 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

NYSE ROL traded up $0.63 during trading on Friday, hitting $44.90. 1,688,286 shares of the company’s stock were exchanged, compared to its average volume of 1,861,357. The company has a market cap of $21.76 billion, a PE ratio of 50.45, a P/E/G ratio of 3.48 and a beta of 0.63. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $47.45. The stock’s 50 day moving average price is $44.54 and its two-hundred day moving average price is $42.11.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million during the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. Research analysts expect that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 9th. Rollins’s payout ratio is 67.42%.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the sale, the insider now directly owns 99,709 shares in the company, valued at $4,093,054.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now owns 99,709 shares in the company, valued at $4,093,054.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now directly owns 14,376 shares in the company, valued at approximately $625,068.48. The disclosure for this sale can be found here. Insiders have sold a total of 22,824 shares of company stock valued at $994,558 in the last 90 days. 4.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ROL shares. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, February 15th. Morgan Stanley raised their price target on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. The Goldman Sachs Group began coverage on shares of Rollins in a research note on Tuesday, January 2nd. They set a “buy” rating and a $49.00 price objective on the stock. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and an average target price of $47.00.

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.