Mitsubishi UFJ Asset Management Co. Ltd. Invests $29.98 Million in Rollins, Inc. $ROL

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 718,215 shares of the business services provider’s stock, valued at approximately $29,978,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after buying an additional 1,620 shares during the period. Empowered Funds LLC grew its position in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after acquiring an additional 918 shares during the last quarter. Woodline Partners LP grew its position in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. increased 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 acquiring an additional 375 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Rollins by 185.0% in the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after acquiring an additional 239,361 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $36.31 on Friday. The firm’s fifty day moving average price is $41.45 and its 200 day moving average price is $50.41. Rollins, Inc. has a 1-year low of $35.83 and a 1-year high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 3.96 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts expect that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s payout ratio is 66.36%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROL shares. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $46.00 to $32.00 in a research note on Friday, July 24th. Weiss Ratings cut shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Barclays set a $45.00 target price on shares of Rollins and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Morgan Stanley lowered their price target on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.71.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.