Resona Asset Management Co. Ltd. Increases Stock Holdings in Rollins, Inc. $ROL

Resona Asset Management Co. Ltd. boosted its stake in Rollins, Inc. (NYSE:ROL) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 138,104 shares of the business services provider’s stock after purchasing an additional 3,413 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Rollins were worth $7,788,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock valued at $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Rollins by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock worth $553,464,000 after buying an additional 38,503 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after buying an additional 2,346,592 shares during the period. Wellington Management Group LLP boosted its position in Rollins by 44.2% during the 1st quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock valued at $157,659,000 after acquiring an additional 894,731 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Rollins by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock valued at $141,424,000 after acquiring an additional 98,607 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Canaccord Genuity Group set a $55.00 price objective on Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Piper Sandler raised their price objective on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Barclays boosted their target price on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Finally, Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average target price of $62.82.

Rollins Trading Down 0.1%

NYSE ROL opened at $58.58 on Friday. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $60.35. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $57.00 and its 200-day moving average price is $56.87. The stock has a market cap of $28.39 billion, a P/E ratio of 54.75 and a beta of 0.72.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business posted $0.29 EPS. Rollins’s revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.1825 per share. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio is currently 68.22%.

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.