Rollins, Inc. (NYSE:ROL) Stock Position Decreased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 129,526 shares of the business services provider’s stock after selling 8,362 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Rollins were worth $6,551,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Lazard Asset Management LLC boosted its position in shares of Rollins by 9.8% in the first quarter. Lazard Asset Management LLC now owns 84,433 shares of the business services provider’s stock worth $3,906,000 after buying an additional 7,532 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Rollins by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 602,860 shares of the business services provider’s stock worth $27,896,000 after buying an additional 22,113 shares during the period. California State Teachers Retirement System boosted its position in shares of Rollins by 1.7% in the first quarter. California State Teachers Retirement System now owns 467,452 shares of the business services provider’s stock worth $21,629,000 after buying an additional 7,844 shares during the period. Tidal Investments LLC boosted its position in shares of Rollins by 26.6% in the first quarter. Tidal Investments LLC now owns 13,595 shares of the business services provider’s stock worth $629,000 after buying an additional 2,860 shares during the period. Finally, Comerica Bank boosted its position in shares of Rollins by 23.7% in the first quarter. Comerica Bank now owns 142,496 shares of the business services provider’s stock worth $6,593,000 after buying an additional 27,301 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

ROL opened at $51.60 on Wednesday. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 53.74 and a beta of 0.70. Rollins, Inc. has a 1 year low of $39.72 and a 1 year high of $52.16. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $49.54 and a 200 day moving average price of $48.92.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same quarter last year, the business earned $0.28 earnings per share. Rollins’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is 68.75%.

Analyst Ratings Changes

Several brokerages have recently commented on ROL. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays initiated coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Rollins currently has an average rating of “Hold” and an average target price of $49.83.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. The trade was a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,120 shares of company stock worth $1,209,993 over the last three months. Corporate insiders own 4.69% of the company’s stock.

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.