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

Dai ichi Life Insurance Company Ltd lessened its position in shares of Rollins, Inc. (NYSE:ROL) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,526 shares of the business services provider’s stock after selling 8,362 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Rollins were worth $6,551,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC bought a new position in Rollins during the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC bought a new position in Rollins during the 2nd quarter worth approximately $34,000. Quent Capital LLC raised its position in shares of Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after purchasing an additional 921 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Rollins during the 3rd quarter worth approximately $52,000. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.83.

Rollins Stock Up 0.7 %

ROL opened at $51.60 on Wednesday. Rollins, Inc. has a 12 month low of $39.72 and a 12 month high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market cap of $24.99 billion, a P/E ratio of 53.74 and a beta of 0.70. The stock’s 50 day moving average price is $49.54 and its 200 day moving average price is $48.92.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS 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 business had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $0.165 dividend. This is a boost 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 currently 68.75%.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction 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. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,120 shares of company stock worth $1,209,993. 4.69% of the stock is owned by company insiders.

About Rollins

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.