Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Rollins, Inc. (NYSE:ROL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Rollins, Inc. (NYSE:ROL) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,912 shares of the business services provider’s stock after purchasing an additional 9,039 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Rollins were worth $1,350,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ROL. Lindbrook Capital LLC grew its stake in Rollins by 72.4% during the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after buying an additional 260 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Rollins by 3.8% in the third quarter. Avantax Advisory Services Inc. now owns 7,150 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 263 shares during the period. Apeiron RIA LLC boosted its stake in shares of Rollins by 3.7% in the third quarter. Apeiron RIA LLC now owns 9,210 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 332 shares during the period. Ballentine Partners LLC boosted its stake in shares of Rollins by 5.9% in the fourth quarter. Ballentine Partners LLC now owns 7,126 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 396 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Rollins by 10.3% in the third quarter. Parkside Financial Bank & Trust now owns 5,434 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 507 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROL. The Goldman Sachs Group began coverage on shares of Rollins in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price for the company. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $49.00 price target on shares of Rollins in a report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $46.83.

Rollins Stock Up 0.5 %

Shares of NYSE:ROL opened at $42.87 on Thursday. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 48.72, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $47.45. The company’s fifty day moving average is $44.41 and its two-hundred day moving average is $42.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.71.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a net margin of 14.15% and a return on equity of 35.97%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. Equities analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. Rollins’s dividend payout ratio is currently 68.18%.

Insider Transactions at Rollins

In other news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the transaction, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the transaction, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now owns 99,709 shares of the company’s stock, valued at approximately $4,093,054.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,824 shares of company stock worth $994,558. Insiders own 4.69% of the company’s stock.

About Rollins

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.