Sumitomo Mitsui Asset Management Company LTD Purchases New Stake in Rollins, Inc. (NYSE:ROL)
Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,345 shares of the business services provider’s stock, valued at approximately $258,000.
A number of other large investors also recently bought and sold shares of ROL. Teachers Advisors LLC increased its position in Rollins by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 521,878 shares of the business services provider’s stock worth $17,629,000 after buying an additional 13,852 shares during the last quarter. Creative Planning increased its position in Rollins by 71.4% in the first quarter. Creative Planning now owns 19,115 shares of the business services provider’s stock worth $710,000 after buying an additional 7,963 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Rollins by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the business services provider’s stock worth $899,000 after buying an additional 500 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in Rollins by 1.2% in the first quarter. Conestoga Capital Advisors LLC now owns 955,215 shares of the business services provider’s stock worth $35,467,000 after buying an additional 11,151 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Rollins by 12.1% in the first quarter. Nisa Investment Advisors LLC now owns 6,473 shares of the business services provider’s stock worth $240,000 after buying an additional 700 shares during the last quarter. 37.97% of the stock is currently owned by institutional investors.
Rollins, Inc. (NYSE:ROL) opened at 43.46 on Friday. Rollins, Inc. has a 12-month low of $27.84 and a 12-month high of $44.64. The stock has a market cap of $9.47 billion, a P/E ratio of 52.17 and a beta of 0.29. The stock has a 50 day moving average price of $42.04 and a 200-day moving average price of $39.32.
Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. Rollins’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. On average, equities analysts expect that Rollins, Inc. will post $0.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 8th. Rollins’s dividend payout ratio is currently 55.42%.
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ROL has been the topic of a number of recent analyst reports. BidaskClub downgraded Rollins from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Instinet increased their price objective on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Nomura reiterated a “buy” rating and issued a $40.00 price objective on shares of Rollins in a report on Thursday, April 27th. Finally, Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Saturday, July 29th.
Rollins Company Profile
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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