Swedbank AB Acquires 3,731 Shares of Rollins, Inc. (NYSE:ROL)

Swedbank AB grew its position in shares of Rollins, Inc. (NYSE:ROL) by 42.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,506 shares of the business services provider’s stock after buying an additional 3,731 shares during the quarter. Swedbank AB’s holdings in Rollins were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in shares of Rollins by 72.4% during the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after purchasing an additional 260 shares during the last quarter. Spire Wealth Management grew its stake in Rollins by 139.7% in the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after buying an additional 440 shares in the last quarter. Quent Capital LLC grew its stake in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares in the last quarter. Principal Securities Inc. purchased a new position in Rollins in the 4th quarter valued at approximately $36,000. Finally, Tobam purchased a new position in Rollins in the 1st quarter valued at approximately $90,000. Institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the completion of the sale, the chief financial officer now directly owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rollins news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now owns 288,671 shares in the company, valued at $13,625,271.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now owns 90,747 shares in the company, valued at approximately $4,310,482.50. The disclosure for this sale can be found here. Insiders sold 20,017 shares of company stock valued at $948,707 over the last three months. Insiders own 4.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ROL shares. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Morgan Stanley raised their price target on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Finally, Wells Fargo & Company assumed coverage on shares of Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Stock Performance

NYSE ROL opened at $48.18 on Monday. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $50.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $23.33 billion, a P/E ratio of 54.14, a P/E/G ratio of 3.80 and a beta of 0.70. The company has a fifty day moving average of $48.75 and a 200-day moving average of $46.30.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts predict that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, August 12th. Rollins’s dividend payout ratio is presently 67.42%.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.