Forsta AP Fonden Increases Stock Holdings in Rollins, Inc. $ROL

Forsta AP Fonden increased its position in shares of Rollins, Inc. (NYSE:ROL) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,100 shares of the business services provider’s stock after purchasing an additional 3,500 shares during the period. Forsta AP Fonden’s holdings in Rollins were worth $3,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Rollins in the 2nd quarter valued at approximately $30,000. GW&K Investment Management LLC lifted its holdings in Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares during the last quarter. National Pension Service grew its position in Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after acquiring an additional 462 shares during the period. Finally, Assetmark Inc. increased its stake in Rollins by 587.7% during the second quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,005 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROL has been the topic of several recent analyst reports. Sanford C. Bernstein began coverage on Rollins in a research note on Wednesday. They issued an “outperform” rating and a $70.00 price target on the stock. Barclays boosted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price target on shares of Rollins in a research note on Thursday, October 30th. Finally, Wells Fargo & Company set a $63.00 price objective on shares of Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.42.

Rollins Stock Performance

NYSE ROL opened at $58.21 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market cap of $28.21 billion, a P/E ratio of 54.40 and a beta of 0.72. The stock has a 50-day moving average of $57.17 and a two-hundred day moving average of $56.96. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $60.35.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. As a group, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. This is a positive change from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 10th. Rollins’s payout ratio is presently 68.22%.

About Rollins

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.