Asset Management One Co. Ltd. Sells 13,112 Shares of Rollins, Inc. $ROL

Asset Management One Co. Ltd. lowered its holdings in shares of Rollins, Inc. (NYSE:ROLFree Report) by 5.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,068 shares of the business services provider’s stock after selling 13,112 shares during the period. Asset Management One Co. Ltd.’s holdings in Rollins were worth $13,159,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. J.W. Cole Advisors Inc. raised its position in Rollins by 16.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 128,043 shares of the business services provider’s stock worth $7,224,000 after purchasing an additional 17,845 shares during the last quarter. Savant Capital LLC raised its position in shares of Rollins by 7.2% during the second quarter. Savant Capital LLC now owns 21,419 shares of the business services provider’s stock worth $1,208,000 after acquiring an additional 1,435 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Rollins by 11.0% in the second quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock worth $8,958,000 after acquiring an additional 15,699 shares during the period. Marshall Wace LLP boosted its holdings in Rollins by 78.0% in the second quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock valued at $128,788,000 after acquiring an additional 1,000,185 shares during the last quarter. Finally, Baker Avenue Asset Management LP bought a new stake in Rollins in the second quarter valued at approximately $1,924,000. 51.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 2,396 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $59.73, for a total transaction of $143,113.08. Following the completion of the transaction, the insider directly owned 31,627 shares of the company’s stock, valued at $1,889,080.71. This represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is currently owned by insiders.

Rollins Stock Up 0.9%

Rollins stock opened at $59.48 on Wednesday. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $61.84. The firm’s 50-day simple moving average is $59.62 and its 200 day simple moving average is $57.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. The stock has a market cap of $28.83 billion, a PE ratio of 55.59 and a beta of 0.79.

Rollins (NYSE:ROLGet Free Report) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $0.29 earnings per share. Rollins’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, November 10th. Rollins’s dividend payout ratio is 68.22%.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $72.00 in a report on Friday, December 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 price objective on shares of Rollins in a research note on Thursday, October 30th. JPMorgan Chase & Co. assumed coverage on Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Jefferies Financial Group set a $66.00 price target on Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.92.

Get Our Latest Research Report on Rollins

About Rollins

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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