Sumitomo Life Insurance Co. Acquires Shares of 17,747 Rollins, Inc. $ROL

Sumitomo Life Insurance Co. acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,747 shares of the business services provider’s stock, valued at approximately $741,000.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after buying an additional 1,620 shares during the period. Empowered Funds LLC grew its stake in shares of Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after acquiring an additional 918 shares during the period. Woodline Partners LP grew its stake in shares of Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 6,859 shares during the period. Geneos Wealth Management Inc. increased its holdings in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Rollins by 185.0% in the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after acquiring an additional 239,361 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

NYSE:ROL opened at $36.86 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins, Inc. has a 52-week low of $35.83 and a 52-week high of $66.14. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 4.03 and a beta of 0.75. The business’s fifty day moving average is $41.25 and its 200 day moving average is $50.31.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts predict that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s dividend payout ratio is currently 66.36%.

Analyst Ratings Changes

Several research firms have commented on ROL. Piper Sandler dropped their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Weiss Ratings downgraded shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Barclays set a $45.00 price target on shares of Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Rollins has a consensus rating of “Hold” and a consensus target price of $48.71.

About Rollins

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.