Danske Bank A S Makes New $61.79 Million Investment in Rollins, Inc. $ROL

Key Points

• Danske Bank acquired 1.48 million Rollins shares worth approximately $61.8 million during the second quarter, giving it a 0.31% stake. Institutional investors collectively own 51.79% of the company.
• Analyst sentiment has weakened, with several firms lowering ratings and price targets. Rollins has a consensus rating of “Hold” and an average price target of $48.71.
• Rollins’ latest quarterly results fell slightly short of expectations, though revenue increased 7.9% year over year to $1.08 billion. The company declared a quarterly dividend of $0.1825 per share, equivalent to a 2.0% annualized yield.

Danske Bank A S acquired a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,480,394 shares of the business services provider's stock, valued at approximately $61,792,000. Danske Bank A S owned approximately 0.31% of Rollins at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Rollins during the second quarter worth $1,204,334,000. Norges Bank acquired a new position in shares of Rollins in the 4th quarter valued at $244,669,000. Pictet Asset Management Holding SA raised its stake in shares of Rollins by 188.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider's stock valued at $155,335,000 after buying an additional 1,899,515 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Rollins during the 2nd quarter worth about $65,993,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider's stock worth $2,297,717,000 after acquiring an additional 1,562,241 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada cut shares of Rollins from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. Weiss Ratings cut Rollins from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Argus cut Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Sanford C. Bernstein lowered Rollins from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Rollins presently has an average rating of "Hold" and a consensus price target of $48.71.

Rollins Stock Performance

NYSE ROL opened at $36.38 on Wednesday. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.95 and a beta of 0.75. The company has a 50 day moving average of $41.90 and a 200-day moving average of $50.78. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1-year low of $35.83 and a 1-year high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.30 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post 1.19 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's dividend payout ratio is presently 66.36%.

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.

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