E. Ohman J or Asset Management AB Decreases Position in Rollins, Inc. $ROL

Key Points

• E. Ohman J or Asset Management AB decreased its position in Rollins, Inc. by 2.0%, owning approximately 0.12% of the company, valued at $33,156,000 after selling 12,096 shares.
• Rollins, Inc. reported $999.53 million in revenue for the last quarter, exceeding analyst expectations, with a 12.1% year-over-year growth and EPS of $0.30, topping the consensus estimate.
• The company declared a quarterly dividend of $0.165 per share, yielding 1.1%, and has a payout ratio of 65.35%.

E. Ohman J or Asset Management AB lessened its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 587,672 shares of the business services provider's stock after selling 12,096 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.12% of Rollins worth $33,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Bank Pictet & Cie Europe AG boosted its position in Rollins by 6.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock valued at $3,061,000 after buying an additional 4,100 shares during the period. Focus Partners Wealth acquired a new stake in shares of Rollins in the 4th quarter valued at $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rollins by 9.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after purchasing an additional 2,574 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of Rollins by 19.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 12,382 shares of the business services provider's stock valued at $574,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Rollins in the 4th quarter valued at $429,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Shares of NYSE:ROL opened at $57.43 on Monday. The company's fifty day moving average price is $56.97 and its 200 day moving average price is $55.76. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market capitalization of $27.83 billion, a P/E ratio of 56.86 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same period last year, the business earned $0.27 EPS. Rollins's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of analyst reports. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and raised their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Piper Sandler raised their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. UBS Group raised their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Argus initiated coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Rollins currently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the transaction, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.47% of the stock is owned by corporate insiders.

About Rollins

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.

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