Sumitomo Mitsui DS Asset Management Company Ltd Boosts Position in Rollins, Inc. (NYSE:ROL)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,118 shares of the business services provider’s stock after buying an additional 792 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Rollins were worth $1,535,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Bleakley Financial Group LLC grew its stake in shares of Rollins by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 8,744 shares of the business services provider’s stock valued at $405,000 after buying an additional 390 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Rollins by 34.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,172 shares of the business services provider’s stock valued at $1,454,000 after acquiring an additional 7,939 shares in the last quarter. Sargent Investment Group LLC raised its stake in shares of Rollins by 877.3% during the fourth quarter. Sargent Investment Group LLC now owns 65,383 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 58,693 shares during the period. Mather Group LLC. lifted its position in shares of Rollins by 9.8% during the fourth quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock worth $154,000 after purchasing an additional 298 shares in the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Rollins during the fourth quarter worth $745,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This 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 the SEC website. 4.69% of the stock is owned by insiders.

Rollins Trading Down 0.1 %

Shares of NYSE ROL opened at $49.90 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $47.99 and its two-hundred day moving average price is $48.92. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The stock has a market capitalization of $24.17 billion, a P/E ratio of 51.98 and a beta of 0.76.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio is presently 68.75%.

Analysts Set New Price Targets

ROL has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Morgan Stanley increased their price target on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group lifted their price objective on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.50.

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.