Sumitomo Mitsui Trust Group Inc. Has $31.62 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 682,105 shares of the business services provider’s stock after selling 13,378 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Rollins were worth $31,616,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Brooklyn Investment Group acquired a new stake in Rollins in the 3rd quarter valued at about $28,000. True Wealth Design LLC lifted its stake in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc lifted its stake in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Rollins in the 3rd quarter valued at about $52,000. Finally, Intact Investment Management Inc. acquired a new stake in Rollins in the 3rd quarter valued at about $71,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Canaccord Genuity Group began coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, UBS Group raised their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.50.

Rollins Stock Down 0.1 %

Shares of ROL opened at $49.90 on Wednesday. Rollins, Inc. has a 12 month low of $40.41 and a 12 month high of $52.16. The firm’s 50 day moving average is $47.99 and its 200-day moving average is $48.92. The stock has a market capitalization of $24.17 billion, a PE ratio of 51.98 and a beta of 0.76. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s dividend payout ratio is presently 68.75%.

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.69% of the company’s stock.

Rollins Company 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.