Sumitomo Life Insurance Co. purchased a new stake in Rollins, Inc. (NYSE:ROL – Free 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 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.
Get Our Latest Report on Rollins
Rollins Company Profile
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
- Five stocks we like better than Rollins
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL – Free Report).
Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.
