Texas Permanent School Fund Corp Has $1.08 Million Position in Rollins, Inc. $ROL

Texas Permanent School Fund Corp trimmed its stake in Rollins, Inc. (NYSE:ROL) by 36.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,116 shares of the business services provider’s stock after selling 10,931 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Rollins were worth $1,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Red Spruce Capital LLC boosted its position in shares of Rollins by 1.2% during the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock worth $896,000 after purchasing an additional 182 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its stake in Rollins by 9.2% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock worth $147,000 after buying an additional 220 shares during the period. Wealth Alliance LLC boosted its holdings in Rollins by 2.1% in the second quarter. Wealth Alliance LLC now owns 10,687 shares of the business services provider’s stock worth $603,000 after acquiring an additional 223 shares in the last quarter. Ballentine Partners LLC grew its stake in Rollins by 2.8% in the second quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider’s stock valued at $465,000 after acquiring an additional 225 shares during the period. Finally, Keel Point LLC grew its stake in Rollins by 5.4% in the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 238 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In related news, insider Thomas D. Tesh sold 2,396 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $59.73, for a total transaction of $143,113.08. Following the completion of the sale, the insider directly owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Rollins in a research note on Tuesday. Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.92.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: Seth Rollins (WWE) explains the origin of his ring name — human interest/wrestling background; not related to Rollins, Inc. Seth Rollins reveals how he got his WWE in-ring name
• Neutral Sentiment: Multiple pieces report Seth Rollins confirming how long his WWE contract has left (reports say ~3 years remaining) — talent/contract news for WWE, not Rollins, Inc. Seth Rollins Says His WWE Contract Is Up In Three Years
• Neutral Sentiment: Updates on Seth Rollins’ injury and return timeline (reports suggesting 3–4 months until return) — clearly sports/injury coverage, not corporate news for ROL. Seth Rollins Says He Has ‘Three Or Four Months’ Left Before Returning From Injury
• Neutral Sentiment: Interviews and opinion pieces: Seth Rollins discusses WWE’s Saudi shows and “blood money” comparisons with U.S. pay, and criticizes wrestling figures — media/personal views, not related to Rollins, Inc. Seth Rollins On WWE In Saudi Arabia
• Neutral Sentiment: Misc. wrestling commentary: Seth Rollins criticizes Jim Cornette and Vince Russo and recounts being nearly fired by Triple H — personality/media stories only. Seth Rollins Shoots On Jim Cornette & Vince Russo
• Neutral Sentiment: Sports items about other athletes named Rollins (Ryan Rollins helping the Bucks; Jimmy Rollins Hall of Fame discussion) — sports coverage, not corporate developments for ROL. With Giannis out, Kevin Porter Jr. and Ryan Rollins click as Bucks snap 3-game skid

Rollins Price Performance

Shares of NYSE:ROL opened at $60.66 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The stock has a market cap of $29.40 billion, a PE ratio of 56.69 and a beta of 0.79. The stock’s fifty day simple moving average is $58.94 and its two-hundred day simple moving average is $57.60. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $61.84.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio (DPR) is presently 68.22%.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.