Quantinno Capital Management LP Sells 75,286 Shares of Rollins, Inc. $ROL

Quantinno Capital Management LP lowered its stake in Rollins, Inc. (NYSE:ROL) by 14.4% during the 1st quarter, HoldingsChannel reports. The firm owned 445,846 shares of the business services provider’s stock after selling 75,286 shares during the period. Quantinno Capital Management LP’s holdings in Rollins were worth $23,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ROL. Vanguard Group Inc. raised its stake in Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after buying an additional 1,562,241 shares during the last quarter. State Street Corp boosted its stake in shares of Rollins by 4.7% in the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after buying an additional 575,946 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Rollins by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after buying an additional 626,866 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after acquiring an additional 461,869 shares during the period. Finally, Norges Bank bought a new stake in shares of Rollins in the fourth quarter worth $244,669,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 0.7%

Shares of ROL stock opened at $38.09 on Friday. Rollins, Inc. has a 1 year low of $36.59 and a 1 year high of $66.14. The firm has a fifty day moving average price of $44.61 and a 200-day moving average price of $53.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 4.11 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $0.30 earnings per share. Rollins’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Rollins, Inc. will post 1.2 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 1.9%. Rollins’s dividend payout ratio is presently 66.36%.

Analyst Ratings Changes

ROL has been the subject of a number of research reports. Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, Bank of America reiterated a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins Profile

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.