Handelsbanken Fonder AB Has $3.77 Million Holdings in Rollins, Inc. (NYSE:ROL)

Handelsbanken Fonder AB increased its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 69,727 shares of the business services provider's stock after purchasing an additional 4,486 shares during the period. Handelsbanken Fonder AB's holdings in Rollins were worth $3,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. City Holding Co. bought a new position in Rollins during the first quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Rollins during the fourth quarter worth approximately $29,000. Centricity Wealth Management LLC bought a new stake in shares of Rollins during the fourth quarter worth approximately $31,000. Mizuho Bank Ltd. bought a new stake in shares of Rollins during the fourth quarter worth approximately $37,000. Finally, Atala Financial Inc bought a new stake in shares of Rollins during the fourth quarter worth approximately $47,000. Institutional investors own 51.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays boosted their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Royal Bank Of Canada boosted their price objective on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Wells Fargo & Company boosted their price objective on Rollins from $62.00 to $63.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $57.38.

Rollins Price Performance

Shares of NYSE ROL traded down $0.32 during midday trading on Tuesday, reaching $56.40. The company's stock had a trading volume of 1,856,259 shares, compared to its average volume of 1,755,583. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. The company has a market cap of $27.33 billion, a P/E ratio of 56.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. The business's 50 day moving average price is $56.35 and its two-hundred day moving average price is $52.07.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. On average, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were given a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.17%. Rollins's dividend payout ratio is currently 66.67%.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chairman now directly owns 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the transaction, the insider now owns 39,640 shares of the company's stock, valued at $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,842 shares of company stock worth $2,480,861 over the last three months. Corporate insiders own 4.47% 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.