E. Ohman J or Asset Management AB Acquires 35,890 Shares of Rollins, Inc. $ROL

E. Ohman J or Asset Management AB grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 6.1% in the 1st quarter, Holdings Channel reports. The fund owned 623,562 shares of the business services provider’s stock after buying an additional 35,890 shares during the period. Rollins accounts for 0.9% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 27th largest holding. E. Ohman J or Asset Management AB’s holdings in Rollins were worth $33,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. LRI Investments LLC boosted its stake in shares of Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 183 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Rollins by 1.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after purchasing an additional 200 shares during the last quarter. Inspire Investing LLC increased its position in Rollins by 3.9% during the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after purchasing an additional 203 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in Rollins by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 18,288 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 221 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Rollins by 1.2% in the 3rd quarter. Fifth Third Bancorp now owns 18,874 shares of the business services provider’s stock valued at $1,109,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROL. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and cut their target price for the company from $70.00 to $52.00 in a research report on Friday, May 29th. Loop Capital initiated coverage on shares of Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price target for the company. Wells Fargo & Company dropped their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. The Goldman Sachs Group reissued a “buy” rating and set a $67.00 price objective on shares of Rollins in a report on Thursday, April 23rd. Finally, Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.71.

Rollins Trading Down 0.1%

ROL opened at $44.91 on Friday. Rollins, Inc. has a fifty-two week low of $44.43 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 firm has a market capitalization of $21.62 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.77 and a beta of 0.73. The company’s 50 day moving average price is $51.70 and its two-hundred day moving average price is $56.68.

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

Rollins Announces Dividend

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

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.