Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in Rollins, Inc. (NYSE:ROL)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 659,522 shares of the business services provider's stock after selling 22,583 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.14% of Rollins worth $35,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Rollins by 9.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after purchasing an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after buying an additional 2,254 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Rollins by 169.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock worth $123,000 after buying an additional 1,672 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Rollins during the 1st quarter worth approximately $225,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Rollins during the 1st quarter worth approximately $464,000. Institutional investors own 51.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROL. Piper Sandler began coverage on shares of Rollins in a research note on Tuesday. They set an "overweight" rating and a $70.00 price target for the company. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays upped their price target on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Finally, Royal Bank Of Canada raised their price objective on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.90.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, the chairman owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider owned 38,028 shares of the company's stock, valued at $2,150,103.12. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,842 shares of company stock worth $2,480,861. Corporate insiders own 4.47% of the company's stock.

Rollins Trading Up 1.4%

ROL traded up $0.80 during trading on Friday, reaching $56.44. 690,184 shares of the stock traded hands, compared to its average volume of 1,761,912. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $56.72 and its 200 day moving average is $52.68. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $58.65. The stock has a market capitalization of $27.35 billion, a PE ratio of 57.01 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $822.50 million for 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%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. Equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Monday, May 12th. Rollins's payout ratio is 66.67%.

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.