Asset Management One Co. Ltd. Decreases Holdings in Rollins, Inc. $ROL

Asset Management One Co. Ltd. trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 24.3% in the second quarter, Holdings Channel reports. The institutional investor owned 237,180 shares of the business services provider’s stock after selling 76,115 shares during the period. Asset Management One Co. Ltd.’s holdings in Rollins were worth $13,378,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. GW&K Investment Management LLC lifted its holdings in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 548 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the last quarter. National Pension Service lifted its holdings in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 462 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Rollins in the 1st quarter valued at about $63,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Rollins in the 2nd quarter valued at about $77,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Down 0.2%

ROL opened at $56.65 on Monday. The business has a 50 day moving average price of $56.91 and a two-hundred day moving average price of $56.69. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $27.45 billion, a PE ratio of 56.09 and a beta of 0.69. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.12.

Wall Street Analysts Forecast Growth

ROL has been the subject of several research reports. Piper Sandler boosted their target price on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barclays boosted their target price on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. assumed coverage on Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.18.

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.