109,249 Shares in Rollins, Inc. $ROL Acquired by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 109,249 shares of the business services provider’s stock, valued at approximately $4,560,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. DV Equities LLC bought a new position in shares of Rollins in the fourth quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in shares of Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares in the last quarter. Torren Management LLC bought a new stake in shares of Rollins during the 4th quarter worth $36,000. Westpac Banking Corp acquired a new position in shares of Rollins in the 2nd quarter worth $42,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Rollins in the 4th quarter worth $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company downgraded Rollins from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $46.00 to $32.00 in a report on Friday, July 24th. Piper Sandler dropped their price target on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Canaccord Genuity Group set a $45.00 price objective on Rollins and gave the stock a “hold” rating in a report on Thursday, July 23rd. Barclays set a $45.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.71.

Rollins Price Performance

ROL opened at $36.86 on Monday. The stock has a fifty day moving average of $41.25 and a 200-day moving average of $50.22. The firm has a market capitalization of $17.73 billion, a P/E ratio of 33.51, a PEG ratio of 4.03 and a beta of 0.75. Rollins, Inc. has a 12-month low of $35.83 and a 12-month high of $66.14. 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 issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities analysts forecast that Rollins, Inc. will post 1.19 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is currently 66.36%.

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.