Dai ichi Life Insurance Company Ltd Sells 33,012 Shares of Rollins, Inc. (NYSE:ROL)

Dai ichi Life Insurance Company Ltd lessened its holdings in shares of Rollins, Inc. (NYSE:ROLFree Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 204,850 shares of the business services provider’s stock after selling 33,012 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Rollins were worth $8,946,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Rollins in the fourth quarter worth $256,862,000. Vanguard Group Inc. boosted its holdings in shares of Rollins by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock valued at $1,195,307,000 after purchasing an additional 5,041,371 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Rollins by 40.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock valued at $346,923,000 after purchasing an additional 2,682,017 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new stake in shares of Rollins in the fourth quarter worth about $47,089,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Rollins by 132.0% in the third quarter. Ameriprise Financial Inc. now owns 1,541,717 shares of the business services provider’s stock worth $57,552,000 after purchasing an additional 877,240 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In related news, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 5,147 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $46.00, for a total transaction of $236,762.00. Following the completion of the sale, the insider now owns 35,387 shares of the company’s stock, valued at approximately $1,627,802. The disclosure for this sale can be found here. Insiders sold 17,824 shares of company stock worth $809,058 in the last 90 days. 4.69% of the stock is owned by corporate insiders.

Rollins Trading Down 0.8 %

Shares of NYSE:ROL traded down $0.35 during trading hours on Wednesday, hitting $46.15. 328,508 shares of the company’s stock traded hands, compared to its average volume of 1,877,694. The firm has a market capitalization of $22.35 billion, a P/E ratio of 52.06, a price-to-earnings-growth ratio of 3.58 and a beta of 0.65. The business has a fifty day moving average price of $45.44 and a 200-day moving average price of $43.46. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66.

Rollins (NYSE:ROLGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The company had revenue of $748.35 million during the quarter, compared to analysts’ expectations of $739.12 million. During the same quarter in the previous year, the business earned $0.18 EPS. Rollins’s revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.30%. Rollins’s payout ratio is 67.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, February 15th. UBS Group restated a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Morgan Stanley increased their price objective on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Get Our Latest Analysis on ROL

About Rollins

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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