Rollins, Inc. (ROL) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,800 shares of the business services provider’s stock after selling 270 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Rollins were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ROL. Raymond James & Associates grew its holdings in shares of Rollins by 6.5% in the first quarter. Raymond James & Associates now owns 127,415 shares of the business services provider’s stock worth $5,303,000 after purchasing an additional 7,729 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Rollins in the first quarter worth about $6,178,000. Everence Capital Management Inc. bought a new position in shares of Rollins in the first quarter worth about $282,000. Teacher Retirement System of Texas grew its holdings in shares of Rollins by 65.0% in the first quarter. Teacher Retirement System of Texas now owns 304,803 shares of the business services provider’s stock worth $12,686,000 after purchasing an additional 120,052 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Rollins by 16.7% in the first quarter. Toronto Dominion Bank now owns 101,099 shares of the business services provider’s stock worth $4,207,000 after purchasing an additional 14,457 shares during the last quarter. 39.89% of the stock is currently owned by institutional investors.

In other Rollins news, insider John F. Wilson sold 30,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $40.84, for a total transaction of $1,225,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 56.90% of the stock is owned by corporate insiders.



A number of research analysts have recently commented on ROL shares. ValuEngine upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Zacks Investment Research cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Nomura reiterated a “buy” rating and set a $46.00 target price on shares of Rollins in a report on Monday, January 28th. Finally, Macquarie initiated coverage on shares of Rollins in a report on Monday, April 29th. They set a “neutral” rating and a $38.90 target price on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.48.

Shares of Rollins stock opened at $36.32 on Thursday. Rollins, Inc. has a 1 year low of $33.07 and a 1 year high of $43.91. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 51.15 and a beta of 0.43.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Rollins had a return on equity of 31.78% and a net margin of 12.34%. The business had revenue of $429.10 million for the quarter, compared to the consensus estimate of $438.55 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Rollins, Inc. will post 0.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, May 9th. Rollins’s payout ratio is 59.15%.

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Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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