Skandinaviska Enskilda Banken AB publ holds a $3.44 million equity position in Rollins (NYSE:ROL)

Financial Advisors

Skandinaviska Enskilda Banken AB publ increased its position in shares of Rollins (NYSE: ROL – Get Rating) by 154.1% in the fourth quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. After acquiring an additional 57,029 shares during the quarter, the fund held 94,043 shares in the business service provider. Rollins’ stake in Skandinaviska Enskilda Banken AB publ was valued at $3,436,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares in the company. BlackRock increased its position in Rollins by 2.2% in the third quarter. BlackRock Inc. acquired an additional 620,048 shares of him during the previous quarter and now owns 28,845,724 shares of the business services provider, valued at $1.037 billion. Vanguard Group increased its Rollins stake by 1.5% in the third quarter. Vanguard Group Inc. purchased an additional 380,254 shares last quarter and now owns 26,193,632 shares of the business service provider worth $98,396,000. Northern Trust Corporation increased its Rollins stake by 0.9% in the first quarter. Northern Trust Corporation purchased an additional 28,318 shares last quarter and now owns 3,133,825 shares of the business services provider, valued at $109.84 million. Bank of New York Mellon Corp. increased its Rollins stake by 0.4% in the third quarter. The Bank of New York Mellon Corporation purchased an additional 9,752 shares last quarter and now owns 2,264,810 shares of the business services provider, valued at $78,543,000. Finally, Illinois-based Blair Williams & Co. increased its Rollins stake by 0.9% in the third quarter. Blair Williams & Co. of Illinois, which purchased an additional 19,050 shares last quarter, now owns 2,065,543 shares of the business services provider, valued at $71,633,000. Institutional investors and hedge funds hold 38.98% of the company’s shares.

Rollins’ insider activity

In related news, Vice Chairman John F. Wilson sold 40,499 shares of the company in a transaction on Friday, April 28. The shares were sold at an average price of $42.45 for a total of $1,719,182.55. After the sale, insiders now directly own 743,992 shares of the company, valued at $31,582,460.40. The transaction was disclosed in legal filings with the Securities and Exchange Commission, which can be accessed at this link. Currently, 4.70% of the shares are owned by insiders.

Wall Street analysts forecast growth

Several equity research analysts recently commented on the company. Redburn Partners agreed to interview Rollins for a report on Wednesday, February 1. They gave the company a buy rating and a price target of $62.00. Stifel Nikolaus raised his price target on Rollins from $37.00 to $40.00 in a research note on Friday, April 28. Finally, upgraded Rollins’ rating from ‘hold’ to ‘buy’ in a research report on Thursday, May 4. Two equity research analysts gave the company a hold rating, and three gave a buy rating. According to MarketBeat data, the stock currently has a consensus rating of “moderate buy” and a consensus price target of $43.40.

Rollins stock performance

ROL opened Thursday at $42.27. The company has a market capitalization of $20.83 billion, a P/E of 54.90 and a beta of 0.66. Rollins shares are at a 52-week low of $31.43 and a high of $43.06. The company has a debt to equity ratio of 0.05, a quick ratio of 0.72 and a current ratio of 0.79. His 50-day moving average for this company is $38.08 and his 200-day moving average is $38.05.

Rollins (NYSE:ROL – Get Rating) last reported earnings on Wednesday, April 26th. The business services provider reported his earnings per share (EPS) of $0.18 for the quarter, beating consensus expectations of $0.17 by $0.01. The company posted revenue of $658.02 million for the quarter, compared with analyst expectations of $643.78 million. Rollins’ return on equity was 31.07% and net profit margin was 13.77%. Rollins quarterly sales increased 11.4% year over year. The company’s EPS was $0.15 in the year-ago quarter. Sell-side analysts expect Rollins to post 0.84 EPS in the current fiscal year.

Rollins dividend announcement

The company also recently announced a quarterly dividend to be paid on Friday, June 9. Investors who registered on Wednesday, May 10, will be paid a dividend of $0.13. This equates to an annualized dividend of $0.52 and a yield of 1.23%. The ex-dividend date is Tuesday, May 9. Rollins’ dividend payout ratio (DPR) is currently 67.53%.

Rollins company profile

(get rating)

Rollins, Inc, through wholly owned subsidiaries, operates in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico and Australia.

Related item

Rollins Quarterly Institutional Ownership (NYSE:ROL)

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