Nykredit A S Takes $4.13 Million Position in Rollins, Inc. $ROL

Nykredit A S purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 99,007 shares of the business services provider’s stock, valued at approximately $4,133,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ROL. DV Equities LLC bought a new stake in shares of Rollins during the 4th quarter worth $25,000. Westpac Banking Corp purchased a new stake in Rollins during the second quarter worth about $42,000. Fideuram Asset Management Ireland dac purchased a new position in Rollins in the fourth quarter valued at about $43,000. Quarry LP grew its position in shares of Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 450 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ROL. Piper Sandler dropped their price objective on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $45.00 target price (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Barclays set a $45.00 price target on Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company lowered Rollins from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $32.00 in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Down 0.1%

ROL stock opened at $35.84 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $17.24 billion, a PE ratio of 32.58, a PEG ratio of 3.86 and a beta of 0.74. Rollins, Inc. has a twelve month low of $35.25 and a twelve month high of $66.14. The stock has a 50-day simple moving average of $39.53 and a two-hundred day simple moving average of $48.36.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.0%. Rollins’s dividend payout ratio is currently 66.36%.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.