Tokio Marine Asset Management Co. Ltd. Acquires 4,325 Shares of Rollins, Inc. (NYSE:ROL)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Rollins, Inc. by 1.5%, owning 291,861 shares valued at approximately $15.77 million.
• Rollins announced a quarterly dividend of $0.165 per share with a dividend yield of 1.1%, set to be paid on September 10th.
• The company's stock has an average target price of $61.40, with analysts rating it as a "Moderate Buy" based on recent evaluations.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 291,861 shares of the business services provider's stock after purchasing an additional 4,325 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned approximately 0.06% of Rollins worth $15,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROL. City Holding Co. bought a new stake in Rollins in the first quarter worth about $27,000. GW&K Investment Management LLC raised its position in Rollins by 961.4% in the first 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 period. CVA Family Office LLC raised its position in Rollins by 73.0% in the first 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 period. Colonial Trust Co SC raised its position in Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after acquiring an additional 411 shares during the period. Finally, National Pension Service raised its position in Rollins by 75.0% in the first 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 period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE:ROL traded down $0.09 during mid-day trading on Friday, hitting $57.33. 1,150,260 shares of the stock traded hands, compared to its average volume of 1,653,275. The business's 50-day moving average price is $56.76 and its 200 day moving average price is $54.80. The company has a market cap of $27.78 billion, a PE ratio of 56.76 and a beta of 0.69. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.10. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

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

Rollins Dividend Announcement

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

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction that occurred 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 transaction, the chairman owned 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on ROL shares. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Barclays boosted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. UBS Group boosted their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Piper Sandler boosted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Rollins presently has an average 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.