82,087 Shares in Rollins, Inc. $ROL Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Rollins, Inc. (NYSE:ROL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 82,087 shares of the business services provider’s stock, valued at approximately $2,472,000.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in Rollins by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after acquiring an additional 183 shares in the last quarter. Sterling Group Wealth Management LLC increased its stake in Rollins by 6.1% in the first quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 235 shares in the last quarter. Gallacher Capital Management LLC increased its stake in Rollins by 5.6% in the first quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 268 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 272 shares during the period. Finally, Groupama Asset Managment raised its holdings in shares of Rollins by 4.8% during the first quarter. Groupama Asset Managment now owns 7,106 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $37.96 on Friday. The firm has a market capitalization of $18.15 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 4.30 and a beta of 0.73. The firm has a fifty day simple moving average of $33.63 and a two-hundred day simple moving average of $46.37. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12 month low of $29.28 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Analysts forecast that Rollins, Inc. will post 1.14 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Rollins’s payout ratio is presently 66.97%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Rollins from $46.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Raymond James Financial set a $35.00 target price on Rollins in a research report on Thursday, July 23rd. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $42.00 price target on Rollins in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.25.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.