Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Rollins, Inc. (NYSE:ROL)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 444,434 shares of the business services provider’s stock after purchasing an additional 28,122 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Rollins worth $20,520,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Rollins in the fourth quarter valued at $74,249,000. Point72 Asset Management L.P. purchased a new stake in Rollins in the 3rd quarter worth about $28,980,000. Allspring Global Investments Holdings LLC raised its position in Rollins by 96.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock worth $46,046,000 after purchasing an additional 490,183 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after buying an additional 420,399 shares during the last quarter. Finally, Fiera Capital Corp grew its stake in shares of Rollins by 32.3% during the fourth quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider’s stock valued at $52,401,000 after buying an additional 275,963 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,338 shares of company stock valued at $945,882. 4.47% of the stock is currently owned by company insiders.

Rollins Price Performance

Shares of Rollins stock opened at $53.04 on Monday. The stock has a market capitalization of $25.73 billion, a P/E ratio of 55.25 and a beta of 0.78. The business has a 50 day simple moving average of $50.88 and a two-hundred day simple moving average of $49.56. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Wells Fargo & Company raised their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley raised their target price on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group upped their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.00.

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.