AMF Tjanstepension AB Has $195.97 Million Stock Position in Rollins, Inc. $ROL

AMF Tjanstepension AB boosted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.4% in the 1st quarter, Holdings Channel reports. The firm owned 3,669,234 shares of the business services provider’s stock after buying an additional 87,139 shares during the period. Rollins accounts for about 1.3% of AMF Tjanstepension AB’s holdings, making the stock its 24th largest position. AMF Tjanstepension AB’s holdings in Rollins were worth $195,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Rollins by 5.5% in the first 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 shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 918 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of 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 purchasing an additional 6,859 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 375 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 0.1%

NYSE:ROL opened at $44.52 on Monday. Rollins, Inc. has a 52 week low of $41.50 and a 52 week high of $66.14. The firm has a 50-day moving average price of $48.18 and a two-hundred day moving average price of $54.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business 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 posted $0.22 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1.25 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, May 11th. Rollins’s dividend payout ratio (DPR) is 66.97%.

Analyst Ratings Changes

ROL has been the subject of several recent research reports. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Loop Capital began coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. UBS Group increased their target price on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. Finally, Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.71.

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.