Mirae Asset Global Investments Co. Ltd. Has $2.24 Million Holdings in Rollins, Inc. $ROL

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Rollins, Inc. by 13.1%, holding 39,628 shares valued at approximately $2.24 million as of the end of the second quarter.
• Several hedge funds made significant adjustments to their holdings in Rollins, with City Holding Co. acquiring a new position worth around $27,000 in the first quarter.
• Rollins, Inc. reported a quarterly earnings per share of $0.30, exceeding analysts' expectations, and announced a quarterly dividend of $0.165 per share, reflecting a yield of 1.1%.

Mirae Asset Global Investments Co. Ltd. lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,628 shares of the business services provider's stock after buying an additional 4,590 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Rollins were worth $2,236,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. City Holding Co. acquired a new position in shares of Rollins in the 1st quarter worth approximately $27,000. GW&K Investment Management LLC grew its position in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after acquiring an additional 548 shares during the last quarter. CVA Family Office LLC grew its position in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after acquiring an additional 340 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Rollins by 75.8% during 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, National Pension Service grew its position in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after acquiring an additional 462 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Rollins in a research report on Saturday, September 27th. Finally, Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.18.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.47% of the company's stock.

Rollins Stock Up 0.2%

NYSE:ROL opened at $58.12 on Thursday. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.12. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.17 billion, a P/E ratio of 57.55 and a beta of 0.69. The stock's fifty day simple moving average is $57.31 and its 200-day simple moving average is $56.35.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same period last year, the company earned $0.27 EPS. The firm's revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 65.35%.

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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