State of New Jersey Common Pension Fund D Lowers Position in Rollins, Inc. (NYSE:ROL)

State of New Jersey Common Pension Fund D cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,001 shares of the business services provider’s stock after selling 474 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Rollins were worth $4,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning lifted its position in shares of Rollins by 27.1% in the third quarter. Creative Planning now owns 23,169 shares of the business services provider’s stock valued at $1,172,000 after acquiring an additional 4,946 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Rollins by 4.3% in the third quarter. Bleakley Financial Group LLC now owns 8,354 shares of the business services provider’s stock valued at $423,000 after acquiring an additional 341 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Rollins by 307.2% in the third quarter. Blue Trust Inc. now owns 6,532 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 4,928 shares in the last quarter. Eastern Bank purchased a new position in shares of Rollins in the third quarter valued at about $2,538,000. Finally, Bank Pictet & Cie Europe AG lifted its position in shares of Rollins by 3.7% in the third quarter. Bank Pictet & Cie Europe AG now owns 61,950 shares of the business services provider’s stock valued at $3,133,000 after acquiring an additional 2,200 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of Rollins stock opened at $50.79 on Thursday. The stock has a 50 day moving average of $48.18 and a 200 day moving average of $49.07. Rollins, Inc. has a 12 month low of $40.76 and a 12 month high of $52.83. The firm has a market cap of $24.60 billion, a PE ratio of 52.91 and a beta of 0.76. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group boosted their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Canaccord Genuity Group boosted their price objective on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Rollins currently has an average rating of “Hold” and a consensus target price of $52.00.

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.