E. Ohman J or Asset Management AB Sells 72,894 Shares of Rollins, Inc. $ROL

E. Ohman J or Asset Management AB reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550,668 shares of the business services provider’s stock after selling 72,894 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Rollins were worth $22,985,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Rollins during the 4th quarter worth approximately $244,669,000. Pictet Asset Management Holding SA increased its stake in Rollins by 188.2% in the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after purchasing an additional 1,899,515 shares in the last quarter. Vanguard Group Inc. raised its holdings in Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after purchasing an additional 1,562,241 shares during the period. USS Investment Management Ltd raised its holdings in Rollins by 55.9% in the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after purchasing an additional 1,123,237 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Rollins by 11,772.1% during the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock worth $65,086,000 after purchasing an additional 1,075,264 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROL. Raymond James Financial set a $35.00 price target on shares of Rollins in a report on Thursday, July 23rd. Citigroup initiated coverage on Rollins in a research note on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective on the stock. BNP Paribas Exane decreased their target price on Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Bank of America reaffirmed a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Rollins has an average rating of “Hold” and an average price target of $48.71.

Rollins Price Performance

Shares of NYSE ROL opened at $37.24 on Tuesday. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 4.12 and a beta of 0.75. The business has a 50-day moving average of $43.11 and a 200-day moving average of $51.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. Rollins, Inc. has a fifty-two week low of $36.35 and a fifty-two week high of $66.14.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Rollins, Inc. will post 1.19 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Rollins Company Profile

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.