Daiwa Securities Group Inc. Has $1.76 Million Position in Rollins, Inc. (NYSE:ROL)

Daiwa Securities Group Inc. boosted its holdings in Rollins, Inc. (NYSE:ROL) by 11.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,824 shares of the business services provider’s stock after acquiring an additional 3,564 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Rollins were worth $1,761,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. QRG Capital Management Inc. lifted its holdings in Rollins by 4.7% in the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after buying an additional 203 shares during the period. B.O.S.S. Retirement Advisors LLC lifted its holdings in Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after buying an additional 212 shares during the period. Quent Capital LLC lifted its holdings in 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 during the period. Mather Group LLC. lifted its holdings in Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after buying an additional 246 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on ROL shares. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their target price 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. Finally, Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.83.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,120 shares of company stock valued at $1,209,993 over the last quarter. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Down 0.8 %

Shares of ROL stock opened at $51.16 on Friday. The firm has a fifty day moving average of $49.57 and a 200-day moving average of $48.95. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $39.72 and a 12-month high of $52.16. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 53.29 and a beta of 0.70.

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

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. 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 1.29%. Rollins’s dividend payout ratio is currently 68.75%.

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.