Rollins, Inc. (NYSE:ROL) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 17.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 521,633 shares of the business services provider's stock after purchasing an additional 77,199 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Rollins worth $28,184,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ROL. Bank Pictet & Cie Europe AG lifted its position in shares of Rollins by 6.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after purchasing an additional 4,100 shares in the last quarter. Bank of Nova Scotia raised its holdings in Rollins by 3.4% in the fourth quarter. Bank of Nova Scotia now owns 37,641 shares of the business services provider's stock valued at $1,745,000 after acquiring an additional 1,229 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Rollins in the fourth quarter valued at approximately $206,000. Treasurer of the State of North Carolina raised its holdings in Rollins by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 126,340 shares of the business services provider's stock valued at $5,856,000 after acquiring an additional 560 shares in the last quarter. Finally, Mariner LLC raised its holdings in Rollins by 1.3% in the fourth quarter. Mariner LLC now owns 97,241 shares of the business services provider's stock valued at $4,507,000 after acquiring an additional 1,227 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Performance

Shares of ROL traded down $0.10 during mid-day trading on Friday, reaching $57.32. 297,059 shares of the company's stock were exchanged, compared to its average volume of 1,866,206. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market capitalization of $27.78 billion, a PE ratio of 56.76 and a beta of 0.69. The business's fifty day simple moving average is $56.77 and its 200-day simple moving average is $54.71. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the 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 completion of the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROL. Royal Bank Of Canada raised their target price on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group increased their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Finally, Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.40.

About Rollins

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.