Daiichi Life Insurance Co. Ltd. Takes $4.56 Million Position in Rollins, Inc. $ROL

Daiichi Life Insurance Co. Ltd. purchased a new position in Rollins, Inc. (NYSE:ROL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 109,249 shares of the business services provider’s stock, valued at approximately $4,560,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DV Equities LLC purchased a new position in Rollins in the fourth quarter valued at about $25,000. Cornerstone Planning Group LLC increased its position in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Rollins during the 4th quarter worth about $36,000. Westpac Banking Corp purchased a new stake in shares of Rollins during the 2nd quarter worth about $42,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Rollins during the 4th quarter valued at about $43,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Performance

Shares of NYSE ROL opened at $36.86 on Monday. The business’s 50-day simple moving average is $41.25 and its 200-day simple moving average is $50.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins, Inc. has a 52 week low of $35.83 and a 52 week high of $66.14. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 4.03 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, equities research analysts expect that Rollins, Inc. will post 1.19 earnings per share for the current fiscal year.

Rollins Announces Dividend

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 given a $0.1825 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. Rollins’s dividend payout ratio (DPR) is currently 66.36%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America reissued a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Barclays set a $45.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Weiss Ratings lowered shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.