Rollins, Inc. $ROL Stock Position Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Rollins, Inc. (NYSE:ROL) by 75.2% in the 4th quarter, Holdings Channel reports. The fund owned 77,624 shares of the business services provider’s stock after buying an additional 33,309 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Rollins were worth $4,659,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after acquiring an additional 1,620 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 918 shares in the last quarter. Woodline Partners LP lifted its position in shares of Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Rollins by 185.0% in the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after acquiring an additional 239,361 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

In other news, CEO Jerry Jr. Gahlhoff sold 4,510 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $285,302.60. Following the transaction, the chief executive officer owned 328,386 shares in the company, valued at $20,773,698.36. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 7,538 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $63.26, for a total transaction of $476,853.88. Following the transaction, the chairman owned 600,049 shares in the company, valued at approximately $37,959,099.74. This trade represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,039 shares of company stock worth $4,177,480 over the last quarter. 5.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Bank of America began coverage on shares of Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target for the company. Canaccord Genuity Group set a $52.00 target price on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, February 13th. Morgan Stanley set a $70.00 target price on shares of Rollins in a research report on Friday, February 13th. UBS Group set a $58.00 target price on shares of Rollins and gave the stock a “neutral” rating in a research report on Friday, April 10th. Finally, Royal Bank Of Canada set a $67.00 target price on shares of Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.86.

Rollins Stock Down 0.2%

ROL stock opened at $54.78 on Wednesday. Rollins, Inc. has a 12-month low of $51.77 and a 12-month high of $66.14. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35. The company has a market cap of $26.40 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 3.39 and a beta of 0.84. The company has a 50 day moving average of $56.41 and a two-hundred day moving average of $58.69.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Rollins had a return on equity of 38.16% and a net margin of 14.00%.The company had revenue of $912.91 million during the quarter, compared to analysts’ expectations of $925.08 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were given a $0.1825 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. Rollins’s dividend payout ratio is presently 66.97%.

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.