Assenagon Asset Management S.A. Has $9.73 Million Stock Holdings in Rollins, Inc. $ROL

Assenagon Asset Management S.A. trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 59.9% in the first quarter, Holdings Channel.com reports. The firm owned 182,183 shares of the business services provider’s stock after selling 271,735 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Rollins were worth $9,730,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ROL. Robbins Farley boosted its holdings in shares of Rollins by 1.7% in the first quarter. Robbins Farley now owns 72,087 shares of the business services provider’s stock valued at $3,850,000 after buying an additional 1,200 shares during the period. E. Ohman J or Asset Management AB boosted its stake in Rollins by 6.1% in the 1st quarter. E. Ohman J or Asset Management AB now owns 623,562 shares of the business services provider’s stock worth $33,304,000 after purchasing an additional 35,890 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Rollins by 294.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 208,221 shares of the business services provider’s stock worth $11,121,000 after purchasing an additional 155,435 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Rollins by 108.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,905 shares of the business services provider’s stock worth $595,000 after purchasing an additional 5,156 shares in the last quarter. Finally, Larry Mathis Financial Planning LLC bought a new position in Rollins during the 4th quarter worth about $245,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROL has been the topic of a number of research reports. Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and cut their price target for the company from $70.00 to $52.00 in a report on Friday, May 29th. Loop Capital assumed coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective for the company. Weiss Ratings downgraded Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.07.

Rollins Price Performance

Shares of NYSE ROL opened at $43.21 on Monday. The business has a 50-day moving average of $50.61 and a 200-day moving average of $56.06. Rollins, Inc. has a fifty-two week low of $42.61 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.66 and a beta of 0.73.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were paid a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.7%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

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.