Nippon Life Global Investors Americas Inc. Invests $5.54 Million in Rollins, Inc. $ROL

Nippon Life Global Investors Americas Inc. purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 132,700 shares of the business services provider’s stock, valued at approximately $5,539,000.

Several other institutional investors have also added to or reduced their stakes in ROL. National Pension Service raised its holdings in shares of Rollins by 138.3% during the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after buying an additional 29,758 shares in the last quarter. Dudley & Shanley Inc. raised its stake in Rollins by 8.8% during the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock worth $20,689,000 after acquiring an additional 39,925 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Rollins by 16.8% in the first quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock worth $11,551,000 after acquiring an additional 31,173 shares during the last quarter. USS Investment Management Ltd boosted its stake in shares of Rollins by 55.9% in the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after purchasing an additional 1,123,237 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Rollins by 73.3% in the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock valued at $100,365,000 after purchasing an additional 794,722 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of Rollins stock opened at $36.23 on Monday. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 3.95 and a beta of 0.75. Rollins, Inc. has a twelve month low of $35.97 and a twelve month high of $66.14. The company’s fifty day moving average is $42.34 and its 200 day moving average is $51.16. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. Sell-side analysts forecast that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s payout ratio is presently 66.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ROL shares. Bank of America reissued 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. Piper Sandler dropped their price target on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Argus downgraded Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the stock a “hold” rating in a report on Thursday, July 23rd. Finally, UBS Group reiterated a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.71.

Rollins Company 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.