Asset Management One Co. Ltd. Has $16.84 Million Position in Rollins, Inc. (NYSE:ROL)

Asset Management One Co. Ltd. boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 3.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 313,295 shares of the business services provider’s stock after purchasing an additional 9,209 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Rollins were worth $16,842,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. KFG Wealth Management LLC raised its stake in Rollins by 1.9% during the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock worth $611,000 after acquiring an additional 211 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Rollins by 3.2% in the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider’s stock valued at $443,000 after buying an additional 251 shares in the last quarter. Keel Point LLC increased its stake in shares of Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock valued at $250,000 after buying an additional 262 shares in the last quarter. Kensington Investment Counsel LLC increased its stake in shares of Rollins by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock valued at $1,767,000 after buying an additional 263 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Rollins by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock valued at $1,752,000 after buying an additional 274 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Price Performance

Rollins stock opened at $56.14 on Thursday. The business’s 50-day simple moving average is $56.60 and its 200 day simple moving average is $52.35. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 56.70 and a beta of 0.77. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to analysts’ expectations of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, May 12th. Rollins’s dividend payout ratio is 66.67%.

Insider Activity at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the transaction, the insider now owns 39,640 shares in the company, valued at approximately $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman now owns 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,842 shares of company stock worth $2,480,861 over the last 90 days. Insiders own 4.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ROL. Jefferies Financial Group upgraded Rollins from a “hold” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Barclays raised their target price on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Argus began coverage on Rollins in a research note on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price for the company. Wells Fargo & Company raised their target price on Rollins from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.78.

Rollins 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.