Deutsche Bank AG Invests $60.66 Million in Rollins, Inc. $ROL

Deutsche Bank AG acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,453,211 shares of the business services provider's stock, valued at approximately $60,657,000. Deutsche Bank AG owned about 0.30% of Rollins as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. National Pension Service lifted its stake in shares of Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider's stock worth $3,078,000 after buying an additional 29,758 shares during the last quarter. Dudley & Shanley Inc. grew its stake in Rollins by 8.8% in the 2nd quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider's stock valued at $20,689,000 after buying an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Rollins by 16.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider's stock valued at $11,551,000 after buying an additional 31,173 shares during the last quarter. USS Investment Management Ltd raised its holdings in 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 acquiring an additional 1,123,237 shares during the period. Finally, Bessemer Group Inc. raised its holdings in 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 acquiring an additional 794,722 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Trading Up 0.1%

Shares of ROL stock opened at $36.31 on Friday. Rollins, Inc. has a 1 year low of $35.83 and a 1 year high of $66.14. The firm's fifty day simple moving average is $41.45 and its 200 day simple moving average is $50.41. The firm has a market capitalization of $17.47 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 3.96 and a beta of 0.75. 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 (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. Rollins's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROL. Argus lowered shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed 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. BNP Paribas Exane dropped their price objective on Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. Morgan Stanley cut their price objective on Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. Finally, Zacks Research downgraded Rollins from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.71.

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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