Rollins, Inc. (NYSE:ROL) Shares Purchased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Rollins, Inc., owning approximately $7.26 million worth of shares after a 3.6% boost in holdings during the 1st quarter.
• Rollins has received favorable ratings from analysts, with a consensus average price target of $61.40 and several analysts issuing buy ratings.
• The company reported strong quarterly earnings with a net revenue of $999.53 million, surpassing estimates and demonstrating a 12.1% year-over-year growth.

Resona Asset Management Co. Ltd. lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,691 shares of the business services provider's stock after buying an additional 4,669 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Rollins were worth $7,264,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Rollins by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after buying an additional 999,797 shares during the last quarter. Northern Trust Corp grew its position in shares of Rollins by 11.8% in the 4th quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after buying an additional 322,610 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Rollins by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,519,333 shares of the business services provider's stock valued at $116,774,000 after buying an additional 260,223 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Rollins by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock worth $124,331,000 after purchasing an additional 49,871 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Rollins by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,860,798 shares of the business services provider's stock worth $86,248,000 after purchasing an additional 279,855 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

Shares of ROL stock traded down $0.09 during mid-day trading on Friday, hitting $57.33. The stock had a trading volume of 1,150,260 shares, compared to its average volume of 1,653,275. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. The firm has a market cap of $27.78 billion, a PE ratio of 56.76 and a beta of 0.69. 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 company's 50-day simple moving average is $56.76 and its 200-day simple moving average is $54.80.

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

Rollins Announces Dividend

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

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares in the company, 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 at this link. Company insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ROL shares. Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Canaccord Genuity Group increased their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $65.00 price target (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Rollins currently 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.