Asset Management One Co. Ltd. Boosts Position in Rollins, Inc. (NYSE:ROL)

Asset Management One Co. Ltd. increased its stake in Rollins, Inc. (NYSE:ROL) by 17.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 171,348 shares of the business services provider’s stock after acquiring an additional 25,709 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Rollins were worth $7,498,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Rollins by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after buying an additional 5,041,371 shares during the period. Select Equity Group L.P. grew its holdings in Rollins by 1.5% during the 1st quarter. Select Equity Group L.P. now owns 12,922,308 shares of the business services provider’s stock worth $484,974,000 after acquiring an additional 189,977 shares in the last quarter. State Street Corp grew its holdings in Rollins by 1.3% during the 2nd quarter. State Street Corp now owns 11,286,374 shares of the business services provider’s stock worth $483,395,000 after acquiring an additional 146,536 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after acquiring an additional 2,682,017 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Rollins by 18.4% during the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock worth $149,033,000 after acquiring an additional 620,179 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 Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The disclosure for this sale can be found here. Insiders sold 22,824 shares of company stock valued at $994,558 in the last three months. 4.69% of the stock is owned by insiders.

Rollins Stock Performance

Shares of Rollins stock opened at $45.01 on Wednesday. The firm has a market capitalization of $21.81 billion, a P/E ratio of 51.15, a PEG ratio of 3.58 and a beta of 0.63. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $44.49 and a 200 day moving average price of $41.52. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $47.45.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $754.10 million during the quarter, compared to analyst estimates of $753.40 million. Rollins had a net margin of 14.15% and a return on equity of 35.97%. Rollins’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. Sell-side analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, February 20th. Rollins’s payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Rollins in a report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 target price on the stock. UBS Group lowered their price target on shares of Rollins from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Morgan Stanley began coverage on shares of Rollins in a report on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, February 15th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins has an average rating of “Moderate Buy” and a consensus target price of $46.83.

Rollins Company Profile

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.