OP Asset Management Ltd Takes $1.52 Million Position in Rollins, Inc. $ROL

OP Asset Management Ltd bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 28,431 shares of the business services provider’s stock, valued at approximately $1,518,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service increased its stake in shares of Rollins by 138.3% in the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after buying an additional 29,758 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of Rollins during the third quarter valued at $1,739,000. Jefferies Financial Group Inc. boosted its holdings in Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after acquiring an additional 68,647 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock valued at $90,981,000 after acquiring an additional 594,735 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Rollins by 52.1% in the fourth quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock worth $51,363,000 after purchasing an additional 292,062 shares during the period. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROL has been the subject of several recent research reports. Wells Fargo & Company set a $46.00 price objective on Rollins and gave the stock an “equal weight” rating in a report on Thursday. Loop Capital began coverage on shares of Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 target price on the stock. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Finally, UBS Group increased their price objective on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report 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 given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.07.

Rollins Trading Down 2.3%

NYSE ROL opened at $42.29 on Tuesday. Rollins, Inc. has a 12 month low of $41.93 and a 12 month high of $66.14. The stock has a 50-day simple moving average of $50.37 and a 200 day simple moving average of $55.95. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $20.36 billion, a PE ratio of 38.80, a P/E/G ratio of 2.66 and a beta of 0.73.

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

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 1.7%. The ex-dividend date was Monday, May 11th. 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.