Nykredit A S Invests $4.13 Million in Rollins, Inc. $ROL

Key Points

• Nykredit A/S acquired a new 99,007-share stake in Rollins during the second quarter, valued at approximately $4.13 million. Institutional investors collectively own 51.79% of the company.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but earnings per share of $0.32 missed analysts’ $0.34 estimate. The company maintains a quarterly dividend of $0.1825, equivalent to a 2.2% annualized yield.
• Shares recently traded at $32.89, near the company’s 52-week low, while analysts’ consensus rating is Hold with an average price target of $48.71.

Nykredit A S acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 99,007 shares of the business services provider's stock, valued at approximately $4,133,000.

Several other hedge funds have also recently modified their holdings of ROL. National Pension Service grew its holdings in Rollins by 138.3% during the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider's stock valued at $3,078,000 after purchasing an additional 29,758 shares during the period. Dudley & Shanley Inc. raised its position in shares of Rollins by 8.8% during the second 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 increased its holdings 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 acquiring an additional 31,173 shares during the last quarter. Danske Bank A S bought a new stake in Rollins in the 2nd quarter valued at $61,792,000. Finally, USS Investment Management Ltd boosted its stake in Rollins by 55.9% during the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider's stock valued at $167,260,000 after buying an additional 1,123,237 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Up 1.7%

Shares of NYSE ROL opened at $32.89 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.48 and a beta of 0.74. The stock has a 50 day moving average price of $37.23 and a 200 day moving average price of $46.15. Rollins, Inc. has a 52-week low of $31.88 and a 52-week high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business's revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a $0.1825 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.2%. Rollins's payout ratio is 66.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ROL shares. Morgan Stanley dropped their price objective on shares of Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, July 8th. Piper Sandler cut their price objective on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. UBS Group reissued a "neutral" rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. BNP Paribas Exane lowered their target price on shares of Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a report on Friday, July 24th. Finally, Wells Fargo & Company cut shares of Rollins from an "overweight" rating to an "underweight" rating and dropped their price target for the stock from $46.00 to $32.00 in a research note on Friday, July 24th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Hold" and a consensus price target of $48.71.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.

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