Sumitomo Life Insurance Co. Acquires Shares of 18,740 Rollins, Inc. $ROL

Sumitomo Life Insurance Co. acquired a new stake in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,740 shares of the business services provider’s stock, valued at approximately $1,057,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Rollins by 3.0% in the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock valued at $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Rollins by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock valued at $553,464,000 after purchasing an additional 38,503 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock valued at $199,937,000 after purchasing an additional 2,346,592 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Rollins by 44.2% in the first quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock valued at $157,659,000 after purchasing an additional 894,731 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Rollins by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock valued at $141,424,000 after purchasing an additional 98,607 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective on the stock. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. The Goldman Sachs Group restated a “buy” rating and issued a $64.00 price target on shares of Rollins in a research note on Thursday. Finally, UBS Group upped their price target on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.73.

Rollins Trading Down 0.3%

ROL opened at $57.62 on Monday. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12. The company has a 50-day simple moving average of $56.75 and a 200 day simple moving average of $56.75. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $27.92 billion, a price-to-earnings ratio of 53.85 and a beta of 0.69.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. Rollins’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio (DPR) is currently 68.22%.

Rollins Company 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.