E. Ohman J or Asset Management AB Has $32.41 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

E. Ohman J or Asset Management AB trimmed its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,768 shares of the business services provider's stock after selling 85,710 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.12% of Rollins worth $32,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Rollins in the fourth quarter worth approximately $29,000. Centricity Wealth Management LLC purchased a new stake in shares of Rollins in the fourth quarter valued at $31,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins in the fourth quarter valued at $37,000. Atala Financial Inc purchased a new stake in shares of Rollins in the fourth quarter valued at $47,000. Finally, Colonial Trust Co SC lifted its holdings in shares of Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after purchasing an additional 411 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the sale, the insider now owns 38,028 shares of the company's stock, valued at $2,150,103.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman now directly owns 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,763 shares of company stock valued at $2,580,331 in the last 90 days. 4.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Morgan Stanley upped their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Barclays upped their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Finally, Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $56.75.

Rollins Stock Performance

Shares of Rollins stock traded down $0.06 on Friday, reaching $57.78. The stock had a trading volume of 887,462 shares, compared to its average volume of 1,746,314. The business's 50-day moving average price is $55.82 and its two-hundred day moving average price is $51.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. The stock has a market cap of $28.00 billion, a P/E ratio of 60.18 and a beta of 0.77.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The firm's revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. On average, sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio (DPR) is currently 66.67%.

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.