Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Rollins, Inc. (NYSE:ROL)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,038 shares of the business services provider’s stock after purchasing an additional 3,866 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Rollins were worth $1,859,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. City Holding Co. purchased a new stake in Rollins in the first quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the fourth quarter valued at $29,000. Mizuho Bank Ltd. purchased a new stake in Rollins in the fourth quarter valued at $37,000. CVA Family Office LLC lifted its position in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 340 shares during the last quarter. Finally, Atala Financial Inc purchased a new stake in shares of Rollins in the fourth quarter valued at about $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target on the stock. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Royal Bank Of Canada increased their price target on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Canaccord Genuity Group upped their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.90.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman directly owned 662,727 shares of the company’s stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the transaction, the insider owned 38,028 shares of the company’s stock, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock valued at $2,480,861 over the last three months. Insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $56.44 on Friday. The firm’s 50 day simple moving average is $56.70 and its 200-day simple moving average is $52.63. The company has a market cap of $27.35 billion, a P/E ratio of 57.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. As a group, equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.17%. Rollins’s dividend payout ratio is presently 66.67%.

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.