Sumitomo Mitsui Trust Group Inc. Sells 16,877 Shares of Rollins, Inc. $ROL

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 2.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 617,875 shares of the business services provider’s stock after selling 16,877 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Rollins were worth $18,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Rollins in the third quarter valued at $2,472,000. ProShare Advisors LLC boosted its position in shares of Rollins by 1.9% during the 3rd quarter. ProShare Advisors LLC now owns 66,518 shares of the business services provider’s stock worth $2,004,000 after purchasing an additional 1,230 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Rollins by 127.5% during the 3rd quarter. Vise Technologies Inc. now owns 28,390 shares of the business services provider’s stock worth $855,000 after purchasing an additional 15,909 shares in the last quarter. Americana Partners LLC bought a new position in shares of Rollins during the 3rd quarter worth about $319,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in shares of Rollins by 137.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock worth $37,000 after purchasing an additional 716 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Stock Performance

NYSE ROL opened at $38.76 on Friday. The company has a market cap of $18.53 billion, a P/E ratio of 33.37, a PEG ratio of 4.34 and a beta of 0.73. The company has a fifty day simple moving average of $33.59 and a 200 day simple moving average of $46.50. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12-month low of $29.28 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts predict that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.20 per share. This is an increase from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, November 10th. Rollins’s dividend payout ratio is 66.97%.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. BNP Paribas Exane dropped their price target on Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 29th. Wells Fargo & Company dropped their price target on Rollins from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, October 23rd. The Goldman Sachs Group set a $42.00 price target on Rollins in a report on Thursday, October 22nd. Finally, Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Hold” and a consensus target price of $39.25.

About Rollins

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.