Nordea Investment Management AB Sells 90,222 Shares of Rollins, Inc. (NYSE:ROL)

Nordea Investment Management AB decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,267 shares of the business services provider’s stock after selling 90,222 shares during the quarter. Nordea Investment Management AB owned approximately 0.12% of Rollins worth $26,924,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC raised its stake in shares of Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 212 shares in the last quarter. Mather Group LLC. increased its holdings in Rollins by 8.8% during the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after purchasing an additional 246 shares during the period. Federated Hermes Inc. lifted its stake in Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after acquiring an additional 249 shares during the period. Raymond James Trust N.A. lifted its position in shares of Rollins by 1.9% in the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after purchasing an additional 252 shares during the period. Finally, Motley Fool Asset Management LLC boosted its position in Rollins by 3.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock valued at $509,000 after acquiring an additional 289 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Up 0.1 %

Rollins stock opened at $45.69 on Wednesday. The business’s 50-day moving average price is $48.62 and its 200 day moving average price is $49.11. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 47.59 and a beta of 0.75. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same period in the previous year, the business earned $0.28 EPS. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.165 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, November 12th. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays assumed coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Canaccord Genuity Group initiated coverage on Rollins in a report on Tuesday. They issued a “hold” rating and a $48.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.83.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.69% of the company’s stock.

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.