Teacher Retirement System of Texas Trims Stake in Rollins, Inc. (NYSE:ROL)

Teacher Retirement System of Texas decreased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,646 shares of the business services provider's stock after selling 5,735 shares during the quarter. Teacher Retirement System of Texas' holdings in Rollins were worth $1,096,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. grew its position in shares of Rollins by 15.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 151,548 shares of the business services provider's stock worth $7,024,000 after buying an additional 20,156 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Rollins by 25.1% in the fourth quarter. Advisors Asset Management Inc. now owns 128,895 shares of the business services provider's stock worth $5,974,000 after acquiring an additional 25,902 shares during the period. Thrivent Financial for Lutherans grew its holdings in Rollins by 3.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 16,868 shares of the business services provider's stock worth $781,000 after acquiring an additional 551 shares in the last quarter. Kensington Investment Counsel LLC increased its position in Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock valued at $1,767,000 after purchasing an additional 263 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Rollins by 3.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 36,635 shares of the business services provider's stock valued at $1,698,000 after purchasing an additional 1,116 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

ROL has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. UBS Group increased their target price on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Canaccord Genuity Group raised 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. Finally, StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Rollins has a consensus rating of "Hold" and a consensus price target of $52.00.

Rollins Stock Up 0.0 %

Shares of ROL stock traded up $0.02 during trading hours on Tuesday, reaching $54.05. 483,812 shares of the company's stock were exchanged, compared to its average volume of 1,653,404. The stock has a market cap of $26.22 billion, a PE ratio of 56.33 and a beta of 0.78. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average price is $51.00 and its two-hundred day moving average price is $49.59. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $54.42.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results 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 net margin of 13.76% and a return on equity of 37.94%. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.22%. Rollins's dividend payout ratio (DPR) is 68.75%.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now owns 9,602 shares of the company's stock, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,338 shares of company stock valued at $945,882. 4.47% of the stock is owned by company insiders.

Rollins 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.