Resona Asset Management Co. Ltd. Boosts Position in Rollins, Inc. $ROL

Resona Asset Management Co. Ltd. raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

Other large investors have also made changes to their positions in the company. LRI Investments LLC increased its stake in shares of Rollins by 8.7% in the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after acquiring an additional 183 shares during the period. IFM Investors Pty Ltd lifted its position in Rollins by 0.3% during the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 185 shares during the period. New Mexico Educational Retirement Board lifted its position in Rollins by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after purchasing an additional 200 shares during the period. Inspire Investing LLC boosted its holdings in Rollins by 3.9% in the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 203 shares during the last quarter. Finally, DGS Capital Management LLC boosted its holdings in Rollins by 4.0% in the first quarter. DGS Capital Management LLC now owns 5,602 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 215 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

ROL stock traded down $0.25 during midday trading on Friday, hitting $44.52. 3,586,345 shares of the stock traded hands, compared to its average volume of 4,238,794. Rollins, Inc. has a 1-year low of $41.50 and a 1-year high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The stock’s fifty day simple moving average is $48.18 and its 200-day simple moving average is $54.95. The firm has a market cap of $21.44 billion, a P/E ratio of 40.85, a PEG ratio of 2.72 and a beta of 0.75.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. Rollins’s dividend payout ratio is presently 66.97%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROL. Weiss Ratings lowered Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $67.00 price target on shares of Rollins in a research report on Thursday, April 23rd. UBS Group boosted their price target on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.