Sumitomo Life Insurance Co. Makes New $741,000 Investment in Rollins, Inc. $ROL

Sumitomo Life Insurance Co. purchased a new stake in Rollins, Inc. (NYSE:ROLFree Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 17,747 shares of the business services provider’s stock, valued at approximately $741,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Rollins in the second quarter worth $1,204,334,000. Norges Bank purchased a new position in Rollins during the fourth quarter worth about $244,669,000. Pictet Asset Management Holding SA increased its stake in Rollins by 188.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after acquiring an additional 1,899,515 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Rollins during the 2nd quarter valued at about $65,993,000. Finally, Vanguard Group Inc. grew its holdings in shares of Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after purchasing an additional 1,562,241 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 1.3%

Shares of NYSE ROL opened at $36.86 on Friday. The stock has a market capitalization of $17.73 billion, a P/E ratio of 33.51, a PEG ratio of 4.03 and a beta of 0.75. Rollins, Inc. has a one year low of $35.83 and a one year high of $66.14. The firm’s 50 day simple moving average is $41.25 and its two-hundred day simple moving average is $50.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that Rollins, Inc. will post 1.19 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROL shares. Piper Sandler lowered their target price on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $35.00 price target on Rollins in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.71.

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Rollins Company Profile

(Free Report)

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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