E. Ohman J or Asset Management AB Boosts Stock Holdings in Rollins, Inc. (NYSE:ROL)

E. Ohman J or Asset Management AB grew its holdings in Rollins, Inc. (NYSE:ROL) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 706,273 shares of the business services provider’s stock after purchasing an additional 45,652 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.15% of Rollins worth $35,723,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC raised its holdings in Rollins by 502.8% during the 1st quarter. Intech Investment Management LLC now owns 572,181 shares of the business services provider’s stock valued at $26,475,000 after acquiring an additional 477,256 shares during the period. TD Asset Management Inc raised its stake in shares of Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after purchasing an additional 357,535 shares during the period. Cetera Investment Advisers lifted its holdings in Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after purchasing an additional 317,353 shares in the last quarter. M&G Plc bought a new position in Rollins in the 1st quarter worth about $14,072,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Rollins by 350.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock valued at $17,118,000 after buying an additional 286,780 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,056 shares of company stock valued at $698,347 over the last 90 days. Insiders own 4.69% of the company’s stock.

Rollins Trading Down 6.6 %

Shares of ROL opened at $46.48 on Friday. Rollins, Inc. has a 1-year low of $33.58 and a 1-year high of $51.96. The company has a market capitalization of $22.51 billion, a P/E ratio of 49.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $49.93 and its 200 day simple moving average is $48.12.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the business posted $0.28 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. Rollins’s dividend payout ratio (DPR) is presently 63.83%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.80.

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.