Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in Rollins, Inc. $ROL

Mirae Asset Global Investments Co. Ltd. bought a new stake in Rollins, Inc. (NYSE:ROL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 82,087 shares of the business services provider’s stock, valued at approximately $2,472,000.

A number of other large investors also recently modified their holdings of ROL. Raiffeisen Bank International AG boosted its position in shares of Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after buying an additional 272 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Rollins by 137.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock worth $37,000 after buying an additional 716 shares in the last quarter. Westpac Banking Corp purchased a new stake in Rollins in the 2nd quarter valued at $42,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Rollins in the 2nd quarter valued at $88,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Rollins in the 2nd quarter valued at $93,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $37.96 on Friday. The business’s fifty day simple moving average is $33.63 and its 200 day simple moving average is $46.37. The firm has a market capitalization of $18.15 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 4.30 and a beta of 0.73. Rollins, Inc. has a 12 month low of $29.28 and a 12 month high of $66.14. 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 (NYSE:ROL) last posted 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. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, analysts anticipate that Rollins, Inc. will post 1.14 EPS for the current year.

Rollins Increases Dividend

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

Analyst Upgrades and Downgrades

ROL has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their price objective on Rollins from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Monday, October 19th. JPMorgan Chase & Co. reduced their target price on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. The Goldman Sachs Group set a $42.00 target price on shares of Rollins in a report on Thursday, October 22nd. Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Rollins from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Rollins currently has a consensus rating of “Hold” and a consensus target price of $39.25.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.