Asset Management One Co. Ltd. Acquires 48,952 Shares of Rollins, Inc. (NYSE:ROL)

Asset Management One Co. Ltd. increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 18.0% during the third quarter, HoldingsChannel reports. The firm owned 321,160 shares of the business services provider’s stock after buying an additional 48,952 shares during the period. Asset Management One Co. Ltd.’s holdings in Rollins were worth $16,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. QRG Capital Management Inc. lifted its holdings in shares of Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 212 shares during the period. Quent Capital LLC lifted its holdings in Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares during the period. Mather Group LLC. lifted its holdings in Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 246 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 249 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.69% of the stock is currently owned by company insiders.

Rollins Stock Performance

NYSE ROL opened at $48.55 on Wednesday. The stock has a market capitalization of $23.51 billion, a PE ratio of 50.57 and a beta of 0.70. The business has a 50 day simple moving average of $49.57 and a two-hundred day simple moving average of $48.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1-year low of $37.61 and a 1-year high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, research analysts predict that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is currently 62.50%.

Analysts Set New Price Targets

ROL has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Finally, Barclays started coverage on Rollins in a research note on Monday. They issued an “equal weight” rating and a $50.00 price objective on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rollins currently has an average rating of “Hold” and an average price target of $49.83.

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.