E. Ohman J or Asset Management AB Has $22.98 Million Stake in Rollins, Inc. $ROL

Key Points

• E. Ohman J or Asset Management AB reduced its Rollins stake by 11.7% in the second quarter, selling 72,894 shares and retaining 550,668 shares valued at approximately $22.98 million.
• Rollins shares opened at $37.24, near their 52-week low of $36.35, after the company slightly missed quarterly earnings and revenue expectations. Revenue still increased 7.9% year over year.
• Analysts have turned more cautious, with the stock carrying a consensus “Hold” rating and an average price target of $48.71. Rollins also declared a quarterly dividend of $0.1825 per share, representing a 2.0% annualized yield.

E. Ohman J or Asset Management AB trimmed its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 550,668 shares of the business services provider's stock after selling 72,894 shares during the period. E. Ohman J or Asset Management AB owned about 0.11% of Rollins worth $22,985,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Rollins in the 4th quarter valued at $244,669,000. Pictet Asset Management Holding SA increased its position in shares of Rollins by 188.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider's stock worth $155,335,000 after purchasing an additional 1,899,515 shares in the last quarter. Vanguard Group Inc. increased its position 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 purchasing an additional 1,562,241 shares in the last quarter. USS Investment Management Ltd lifted its holdings in Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider's stock valued at $167,260,000 after purchasing an additional 1,123,237 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Rollins by 11,772.1% during the 4th quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider's stock valued at $65,086,000 after purchasing an additional 1,075,264 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of NYSE:ROL opened at $37.24 on Tuesday. 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 $36.35 and a 1-year high of $66.14. The stock has a market capitalization of $17.92 billion, a P/E ratio of 33.85, a P/E/G ratio of 4.12 and a beta of 0.75. The business has a 50-day moving average price of $43.11 and a two-hundred day moving average price of $51.92.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly 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). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities analysts predict that Rollins, Inc. will post 1.19 earnings per share for the current year.

Rollins Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on ROL shares. UBS Group reaffirmed a "neutral" rating and set a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Wells Fargo & Company cut shares of Rollins from an "overweight" rating to an "underweight" rating and cut their target price for the company from $46.00 to $32.00 in a research note on Friday, July 24th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Royal Bank Of Canada lowered Rollins from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $45.00 price target on Rollins and gave the company a "hold" rating in a report on Thursday, July 23rd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $48.71.

Rollins Company Profile

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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