Asset Management One Co. Ltd. Trims Stake in Rollins, Inc. $ROL

Asset Management One Co. Ltd. lowered its holdings in Rollins, Inc. (NYSE:ROL) by 24.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,180 shares of the business services provider’s stock after selling 76,115 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Rollins were worth $13,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its position in Rollins by 0.8% in the second quarter. Bleakley Financial Group LLC now owns 94,077 shares of the business services provider’s stock valued at $5,308,000 after purchasing an additional 714 shares during the period. Ethic Inc. grew its stake in shares of Rollins by 18.8% in the second quarter. Ethic Inc. now owns 48,788 shares of the business services provider’s stock valued at $2,740,000 after buying an additional 7,720 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Rollins by 1.6% in the second quarter. D.A. Davidson & CO. now owns 74,011 shares of the business services provider’s stock valued at $4,176,000 after buying an additional 1,181 shares in the last quarter. Whittier Trust Co. grew its stake in shares of Rollins by 9.5% in the second quarter. Whittier Trust Co. now owns 5,932 shares of the business services provider’s stock valued at $335,000 after buying an additional 513 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in shares of Rollins by 9.7% in the second quarter. Pittenger & Anderson Inc. now owns 14,406 shares of the business services provider’s stock valued at $813,000 after buying an additional 1,271 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective for the company. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. Piper Sandler boosted their target price on 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 boosted their target price on Rollins from $59.00 to $61.00 and gave the stock 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.18.

Rollins Trading Down 0.2%

ROL opened at $56.65 on Monday. The stock has a market capitalization of $27.45 billion, a price-to-earnings ratio of 56.09 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 business has a fifty day moving average price of $56.91 and a 200 day moving average price of $56.69. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12.

Rollins 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.