Mirae Asset Global Investments Co. Ltd. Has $1.16 Million Holdings in Rollins, Inc. (NYSE:ROL)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 88.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,233 shares of the business services provider’s stock after acquiring an additional 10,912 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Rollins were worth $1,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Rollins in the second quarter valued at $33,000. Ridgewood Investments LLC bought a new position in shares of Rollins in the second quarter valued at $34,000. Quent Capital LLC lifted its stake in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Rollins by 10,233.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after buying an additional 921 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Rollins by 114.2% in the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock valued at $74,000 after buying an additional 855 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.80.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $47.33 on Friday. Rollins, Inc. has a 52-week low of $37.06 and a 52-week high of $51.96. The company has a 50-day simple moving average of $49.63 and a 200 day simple moving average of $48.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $22.92 billion, a PE ratio of 49.30 and a beta of 0.70.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. On average, research analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.39%. Rollins’s dividend payout ratio (DPR) is presently 62.50%.

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.