Nordea Investment Management AB Cuts Stake in Rollins, Inc. $ROL

Nordea Investment Management AB reduced its stake in Rollins, Inc. (NYSE:ROL) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 557,404 shares of the business services provider’s stock after selling 658 shares during the period. Nordea Investment Management AB owned approximately 0.12% of Rollins worth $31,086,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Security Financial Services INC. grew its stake in shares of Rollins by 3.2% in the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock worth $309,000 after acquiring an additional 178 shares during the last quarter. Red Spruce Capital LLC grew its stake in shares of Rollins by 1.2% in the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock worth $896,000 after acquiring an additional 182 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in shares of Rollins by 1.7% in the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after acquiring an additional 214 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Rollins by 9.2% in the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock worth $147,000 after acquiring an additional 220 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Rollins by 5.8% in the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after acquiring an additional 224 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated 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 transaction, the chairman owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.47% of the company’s stock.

Rollins Stock Up 1.1%

ROL stock opened at $55.85 on Friday. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.12. The business’s 50-day moving average is $57.05 and its two-hundred day moving average is $56.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 55.30 and a beta of 0.69.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. Rollins’s revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were issued a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins’s dividend payout ratio is currently 65.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research cut Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Piper Sandler upped their price target on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.18.

Rollins 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.