BI Asset Management Fondsmaeglerselskab A S Buys 155,435 Shares of Rollins, Inc. $ROL

BI Asset Management Fondsmaeglerselskab A S raised its stake in Rollins, Inc. (NYSE:ROL) by 294.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 208,221 shares of the business services provider’s stock after buying an additional 155,435 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Rollins were worth $11,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after buying an additional 1,620 shares during the period. Empowered Funds LLC raised its stake in Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after buying an additional 918 shares during the period. Woodline Partners LP lifted its holdings in Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after acquiring an additional 239,361 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

ROL stock opened at $44.91 on Monday. The stock has a 50-day moving average price of $51.70 and a two-hundred day moving average price of $56.65. Rollins, Inc. has a 1 year low of $44.43 and a 1 year high of $66.14. The stock has a market cap of $21.62 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.73. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Equities analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a $0.1825 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.6%. Rollins’s payout ratio is presently 66.97%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROL. UBS Group raised their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Loop Capital started coverage on Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. Weiss Ratings cut Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $63.71.

Rollins 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.