Asahi Life Asset Management CO. LTD. Purchases Shares of 6,660 Rollins, Inc. (NYSE:ROL)

Asahi Life Asset Management CO. LTD. purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 6,660 shares of the business services provider's stock, valued at approximately $360,000.

A number of other institutional investors have also made changes to their positions in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after buying an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Rollins by 56.4% in the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after buying an additional 2,254 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Rollins by 169.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after purchasing an additional 1,672 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Rollins during the first quarter valued at $225,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Rollins during the first quarter valued at $464,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

ROL traded down $0.69 during midday trading on Tuesday, reaching $55.05. The company's stock had a trading volume of 1,760,749 shares, compared to its average volume of 1,757,752. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $56.60 and a 200 day simple moving average of $53.21. The stock has a market cap of $26.68 billion, a P/E ratio of 55.61 and a beta of 0.75. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Rollins's revenue was up 9.9% compared to the same quarter last year. Research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's payout ratio is presently 66.67%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler assumed coverage on Rollins in a research report on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price target on the stock. Barclays upped their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Canaccord Genuity Group upped their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. UBS Group upped their target price on Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Finally, Argus started coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $60.50.

Insider Transactions at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares in the company, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.47% of the stock is owned by company insiders.

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.