KLP Kapitalforvaltning AS Has $6.45 Million Position in Rollins, Inc. $ROL

KLP Kapitalforvaltning AS lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.7% during the second quarter, HoldingsChannel reports. The firm owned 114,325 shares of the business services provider’s stock after acquiring an additional 1,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Rollins were worth $6,450,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROL. GW&K Investment Management LLC raised its position in shares of Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after purchasing an additional 548 shares during the period. CVA Family Office LLC raised its position in shares of Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock worth $44,000 after purchasing an additional 340 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the period. National Pension Service raised its position in shares of Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the period. Finally, HM Payson & Co. acquired a new stake in shares of Rollins during the first quarter worth about $63,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.7%

NYSE:ROL opened at $56.99 on Friday. The firm has a market capitalization of $27.62 billion, a price-to-earnings ratio of 56.43 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12. The stock’s 50 day moving average price is $57.29 and its two-hundred day moving average price is $56.42. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. Equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ROL shares. UBS Group lifted their target price on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Piper Sandler lifted their target price on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Barclays lifted their target price on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. started coverage on Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.18.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business’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 transaction of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares of the company’s stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is owned by company insiders.

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.