Daiwa Securities Group Inc. Raises Stake in Rollins, Inc. (NYSE:ROL)

Posted by Defense World Staff on May 6th, 2023

Daiwa Securities Group Inc. increased its stake in shares of Rollins, Inc. (NYSE:ROL – Get Rating) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,335 shares of the business services provider’s stock after purchasing an additional 456 shares during the period. Daiwa Securities Group Inc.’s holdings in Rollins were worth $560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its position in shares of Rollins by 10.3% in the 3rd quarter. CWM LLC now owns 2,735 shares of the business services provider’s stock worth $95,000 after purchasing an additional 255 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Rollins by 2.7% in the third quarter. Thrivent Financial for Lutherans now owns 9,871 shares of the business services provider’s stock worth $342,000 after buying an additional 258 shares during the period. Westpac Banking Corp boosted its position in Rollins by 2.0% during the 4th quarter. Westpac Banking Corp now owns 15,402 shares of the business services provider’s stock valued at $563,000 after acquiring an additional 298 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Rollins by 22.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,813 shares of the business services provider’s stock worth $63,000 after acquiring an additional 331 shares during the period. Finally, FCF Advisors LLC raised its position in shares of Rollins by 2.3% in the 4th quarter. FCF Advisors LLC now owns 15,177 shares of the business services provider’s stock worth $555,000 after acquiring an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ROL. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Thursday. Redburn Partners assumed coverage on shares of Rollins in a research note on Wednesday, February 1st. They issued a “buy” rating and a $62.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Rollins from $37.00 to $40.00 in a research note on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.40.

Insider Activity

In related news, Vice Chairman John F. Wilson sold 40,499 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $42.45, for a total value of $1,719,182.55. Following the completion of the transaction, the insider now directly owns 743,992 shares in the company, valued at approximately $31,582,460.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

Rollins Trading Down 0.2 %

Rollins stock opened at $41.77 on Friday. Rollins, Inc. has a 12 month low of $31.43 and a 12 month high of $43.06. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 54.25 and a beta of 0.66. The business’s fifty day simple moving average is $37.82 and its two-hundred day simple moving average is $37.96. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.05.

Rollins (NYSE:ROL – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Rollins had a return on equity of 31.07% and a net margin of 13.77%. The firm had revenue of $658.02 million during the quarter, compared to analyst estimates of $643.78 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Rollins’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts predict that Rollins, Inc. will post 0.84 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.52 annualized dividend and a dividend yield of 1.24%. Rollins’s dividend payout ratio is presently 67.53%.

About Rollins

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.