Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Rollins, Inc. $ROL

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Rollins, Inc. (NYSE:ROL) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 545,202 shares of the business services provider’s stock after purchasing an additional 23,569 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Rollins were worth $30,760,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its stake in Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after purchasing an additional 2,346,592 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Rollins in the first quarter worth approximately $59,073,000. Nuveen LLC bought a new stake in shares of Rollins during the 1st quarter worth approximately $54,685,000. Vanguard Group Inc. boosted its holdings in Rollins by 3.0% during 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 acquiring an additional 999,797 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Rollins during the 1st quarter valued at $50,547,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Down 0.1%

NYSE ROL opened at $58.52 on Wednesday. Rollins, Inc. has a one year low of $45.34 and a one year high of $60.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $28.36 billion, a price-to-earnings ratio of 54.69 and a beta of 0.72. The company’s 50-day simple moving average is $57.08 and its two-hundred day simple moving average is $56.92.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. Equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.73 annualized dividend and a yield of 1.2%. Rollins’s payout ratio is 68.22%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of recent analyst reports. Barclays increased their target price on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Piper Sandler upped their target price 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. Finally, UBS Group lifted 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. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and a consensus price target of $62.82.

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.