Rollins, Inc. $ROL Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 10.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 146,302 shares of the business services provider’s stock after acquiring an additional 13,390 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Rollins were worth $7,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROL. DV Equities LLC acquired a new position in Rollins during the fourth quarter worth $25,000. Cornerstone Planning Group LLC increased its stake in shares of Rollins by 528.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Rollins during the 4th quarter worth about $30,000. Torren Management LLC acquired a new position in shares of Rollins during the 4th quarter worth about $36,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Rollins in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE:ROL traded down $0.25 during midday trading on Friday, hitting $44.52. The company’s stock had a trading volume of 3,586,345 shares, compared to its average volume of 4,238,794. The company has a market cap of $21.44 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75. Rollins, Inc. has a 12-month low of $41.50 and a 12-month high of $66.14. The business’s 50 day simple moving average is $48.18 and its 200 day simple moving average is $54.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. Rollins’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. On average, analysts forecast that Rollins, Inc. will post 1.25 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, May 11th. Rollins’s payout ratio is currently 66.97%.

Analysts Set New Price Targets

Several research firms recently issued reports on ROL. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 price objective on shares of Rollins in a report on Thursday, April 23rd. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. UBS Group boosted their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Loop Capital started coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and an average price target of $62.71.

About Rollins

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.