Rollins, Inc. (NYSE:ROL) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Rollins, Inc. (NYSE:ROL) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,118 shares of the business services provider’s stock after acquiring an additional 792 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Rollins were worth $1,535,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC increased its stake in Rollins by 4.9% in the 3rd 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 purchasing an additional 212 shares in the last quarter. Eastern Bank raised its stake in shares of Rollins by 0.5% during the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after buying an additional 236 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Rollins by 1.9% in the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after buying an additional 252 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in shares of Rollins by 3.0% in the 3rd quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock worth $509,000 after buying an additional 289 shares in the last quarter. Finally, Mather Group LLC. grew its stake in Rollins by 9.8% in the 4th quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock valued at $154,000 after acquiring an additional 298 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROL has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. UBS Group raised their price target on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Canaccord Genuity Group started coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.50.

Rollins Price Performance

Shares of NYSE:ROL opened at $49.90 on Wednesday. The company has a market cap of $24.17 billion, a P/E ratio of 51.98 and a beta of 0.76. The business has a fifty day simple moving average of $47.99 and a 200-day simple moving average of $48.92. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio is currently 68.75%.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.69% of the company’s stock.

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.