Mitsubishi UFJ Asset Management Co. Ltd. Purchases 23,569 Shares of Rollins, Inc. $ROL

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 545,202 shares of the business services provider’s stock after buying an additional 23,569 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.11% of Rollins worth $30,760,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock valued at $1,876,815,000 after acquiring an additional 999,797 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Rollins by 0.4% during 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 purchasing an additional 38,503 shares in the last quarter. AMF Tjanstepension AB raised its stake in Rollins by 196.2% during the 2nd quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock valued at $199,937,000 after purchasing an additional 2,346,592 shares during the period. Wellington Management Group LLP lifted its holdings in Rollins by 44.2% in the 1st quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock worth $157,659,000 after purchasing an additional 894,731 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Rollins by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock worth $141,424,000 after purchasing an additional 98,607 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROL. JPMorgan Chase & Co. began coverage on shares of Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Wells Fargo & Company set a $63.00 target price on shares of Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Barclays lifted their price target 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. Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.82.

Rollins Price Performance

ROL stock opened at $58.52 on Wednesday. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $60.35. The firm has a market capitalization of $28.36 billion, a P/E ratio of 54.69 and a beta of 0.72. The company has a fifty day simple moving average of $57.08 and a two-hundred day simple moving average of $56.92. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced 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. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is 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.