Rollins, Inc. (NYSE:ROL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 385,701 shares of the business services provider’s stock after selling 2,044 shares during the period. Principal Financial Group Inc. owned approximately 0.08% of Rollins worth $18,818,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc lifted its position in Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after acquiring an additional 357,535 shares during the period. BNP Paribas Financial Markets increased its stake in Rollins by 7.4% in the 4th quarter. BNP Paribas Financial Markets now owns 268,067 shares of the business services provider’s stock valued at $11,706,000 after buying an additional 18,510 shares during the period. Dimensional Fund Advisors LP raised its holdings in Rollins by 9.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,865,122 shares of the business services provider’s stock worth $81,452,000 after purchasing an additional 160,373 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Rollins by 185.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after purchasing an additional 249,860 shares in the last quarter. Finally, Montanaro Asset Management Ltd raised its stake in shares of Rollins by 10.4% during the 4th quarter. Montanaro Asset Management Ltd now owns 201,500 shares of the business services provider’s stock worth $8,800,000 after buying an additional 19,000 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the transaction, the chief executive officer now owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the transaction, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Rollins Trading Up 0.6 %

Shares of Rollins stock opened at $50.49 on Wednesday. The business has a 50 day moving average price of $49.03 and a 200 day moving average price of $46.85. The company has a market capitalization of $24.45 billion, a P/E ratio of 56.73, a P/E/G ratio of 3.94 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $51.28.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. Sell-side analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. Rollins’s dividend payout ratio is currently 67.42%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROL. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Wells Fargo & Company assumed coverage on Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price target on the stock. Finally, StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

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.