Rollins, Inc. (NYSE:ROL) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ increased its holdings in Rollins, Inc. by 271.6% during the first quarter, owning a total of 209,875 shares valued at $11,340,000.
• Rollins recently announced a quarterly dividend of $0.165, with a payout ratio of 65.35%, scheduled to be paid to shareholders on September 10th.
• Wall Street analysts generally have a positive outlook on Rollins, with a consensus price target of $61.40 and several analysts issuing "buy" or "overweight" ratings for the stock.

Skandinaviska Enskilda Banken AB publ lifted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 271.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 209,875 shares of the business services provider's stock after buying an additional 153,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Rollins were worth $11,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Rollins by 17.6% in the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after buying an additional 1,282,508 shares during the period. Invesco Ltd. raised its holdings in shares of Rollins by 16.9% in the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after buying an additional 617,876 shares during the period. Norges Bank purchased a new stake in shares of Rollins in the 4th quarter valued at $176,784,000. Northern Trust Corp raised its holdings in shares of Rollins by 11.8% in the 4th quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after buying an additional 322,610 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after buying an additional 2,203,859 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company's stock, valued at $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,921 shares of company stock valued at $4,120,613. 4.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Canaccord Genuity Group upped their price target on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Royal Bank Of Canada upped their price target on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Stock Up 0.6%

Shares of NYSE:ROL traded up $0.35 on Wednesday, hitting $57.67. 324,468 shares of the company's stock were exchanged, compared to its average volume of 1,905,439. The firm's 50-day moving average is $56.61 and its 200 day moving average is $53.92. The company has a market capitalization of $27.95 billion, a PE ratio of 57.05 and a beta of 0.75. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

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

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, August 11th. Rollins's dividend payout ratio is presently 65.35%.

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.