Nykredit A S Invests $4.13 Million in Rollins, Inc. $ROL

Nykredit A S acquired a new position in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 99,007 shares of the business services provider’s stock, valued at approximately $4,133,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. National Pension Service increased its stake in Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares during the last quarter. Dudley & Shanley Inc. lifted its stake in Rollins by 8.8% during the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock worth $20,689,000 after purchasing an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Rollins by 16.8% during the first quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock worth $11,551,000 after purchasing an additional 31,173 shares during the last quarter. USS Investment Management Ltd boosted its holdings in shares of Rollins by 55.9% in the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after purchasing an additional 1,123,237 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Rollins by 73.3% in the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock worth $100,365,000 after purchasing an additional 794,722 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of Rollins stock opened at $35.84 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. Rollins, Inc. has a one year low of $35.25 and a one year high of $66.14. The business’s 50 day simple moving average is $39.53 and its two-hundred day simple moving average is $48.36. The stock has a market capitalization of $17.24 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Analysts forecast that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s payout ratio is 66.36%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BNP Paribas Exane decreased their price objective on Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Citigroup began coverage on Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. Wells Fargo & Company cut shares of Rollins from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Argus downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rollins has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Company 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.