Asset Management One Co. Ltd. Purchases 9,209 Shares of Rollins, Inc. (NYSE:ROL)

Asset Management One Co. Ltd. lifted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 313,295 shares of the business services provider's stock after buying an additional 9,209 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Rollins worth $16,842,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. KFG Wealth Management LLC boosted its position 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 purchasing an additional 211 shares during the period. QRG Capital Management Inc. boosted its position in Rollins by 3.2% during the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock worth $443,000 after purchasing an additional 251 shares during the period. Keel Point LLC boosted its position in Rollins by 5.1% during the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock worth $250,000 after purchasing an additional 262 shares during the period. Kensington Investment Counsel LLC boosted its position in Rollins by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock worth $1,767,000 after purchasing an additional 263 shares during the period. Finally, New York Life Investment Management LLC boosted its position in Rollins by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider's stock worth $1,752,000 after purchasing an additional 274 shares during the period. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Shares of NYSE ROL opened at $56.14 on Thursday. The business has a fifty day simple moving average of $56.60 and a 200 day simple moving average of $52.35. 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 firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 56.70 and a beta of 0.77. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65.

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

Rollins Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. Rollins's payout ratio is 66.67%.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman now directly owns 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the transaction, the insider now owns 39,640 shares of the company's stock, valued at $2,093,388.40. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on Rollins from $63.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Argus began coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price for the company. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Canaccord Genuity Group upped their price target on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Moderate Buy" and an average price target of $58.78.

Rollins Company 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.

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