Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 718,215 shares of the business services provider's stock, valued at approximately $29,978,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of Rollins at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider's stock worth $2,297,717,000 after buying an additional 1,562,241 shares during the period. State Street Corp boosted its position in Rollins by 4.7% in the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider's stock valued at $771,279,000 after buying an additional 575,946 shares during the period. Geode Capital Management LLC grew its stake in shares of Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider's stock worth $608,256,000 after acquiring an additional 626,866 shares in the last quarter. Invesco Ltd. grew its stake in shares of Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider's stock worth $365,473,000 after acquiring an additional 461,869 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Rollins during the fourth quarter worth $244,669,000. Institutional investors and hedge funds own 51.79% of the company's stock.
Rollins Stock Performance
NYSE:ROL opened at $36.31 on Friday. Rollins, Inc. has a 12 month low of $35.83 and a 12 month high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market capitalization of $17.47 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.96 and a beta of 0.75. The business's fifty day moving average price is $41.45 and its 200 day moving average price is $50.41.
Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.19 earnings per share for the current fiscal year.
Rollins Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's dividend payout ratio is currently 66.36%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on ROL. BNP Paribas Exane reduced their price objective on Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. The Goldman Sachs Group restated a "buy" rating and set a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Canaccord Genuity Group set a $45.00 price target on Rollins and gave the company a "hold" rating in a research report on Thursday, July 23rd. Raymond James Financial set a $35.00 price objective on Rollins in a research note on Thursday, July 23rd. Finally, Argus downgraded Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $48.71.
Check Out Our Latest Analysis on Rollins
Rollins Company Profile
(
Free Report)
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.
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