Tokio Marine Asset Management Co. Ltd. Purchases 2,356 Shares of Rollins, Inc. (NYSE:ROL)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Rollins, Inc. (NYSE:ROL) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,637 shares of the business services provider’s stock after buying an additional 2,356 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Rollins were worth $9,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC increased its holdings in Rollins by 7.0% in the 3rd quarter. Metis Global Partners LLC now owns 18,066 shares of the business services provider’s stock worth $914,000 after buying an additional 1,179 shares in the last quarter. KBC Group NV lifted its stake in shares of Rollins by 3.7% in the 3rd quarter. KBC Group NV now owns 147,092 shares of the business services provider’s stock worth $7,439,000 after purchasing an additional 5,236 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Rollins by 40.3% during the 3rd quarter. Geneva Capital Management LLC now owns 553,863 shares of the business services provider’s stock valued at $28,014,000 after buying an additional 159,141 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Rollins in the 3rd quarter worth $204,000. Finally, GSA Capital Partners LLP bought a new position in shares of Rollins in the third quarter worth about $393,000. Institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.69% of the stock is owned by company insiders.

Rollins Trading Down 1.3 %

NYSE:ROL traded down $0.69 on Thursday, reaching $50.60. The company’s stock had a trading volume of 41,174 shares, compared to its average volume of 1,701,195. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of 53.43 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $38.95 and a 12-month high of $52.16. The stock has a 50 day moving average price of $49.55 and a 200 day moving average price of $48.61.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $911.15 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Rollins’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate 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. Investors of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.30%. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s payout ratio is presently 68.75%.

Analyst Ratings Changes

Several research analysts have weighed in on ROL shares. Barclays started coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rollins presently has a consensus rating of “Hold” and a consensus price target of $49.83.

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.