Danske Bank A S Acquires Shares of 1,480,394 Rollins, Inc. $ROL

Danske Bank A S bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, Holdings Channel.com reports. The firm bought 1,480,394 shares of the business services provider’s stock, valued at approximately $61,792,000.

Several other hedge funds have also modified their holdings of ROL. Diversify Advisory Services LLC bought a new position in Rollins in the 2nd quarter worth approximately $452,000. Wealthfront Advisers LLC acquired a new position in Rollins during the 2nd quarter worth $3,344,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Rollins in the 2nd quarter valued at $88,000. JLB & Associates Inc. acquired a new stake in shares of Rollins in the 2nd quarter valued at $13,303,000. Finally, Cornerstone Advisors LLC bought a new stake in shares of Rollins during the second quarter worth $12,272,000. 51.79% of the stock is owned by institutional investors.

Rollins Stock Up 1.0%

Rollins stock opened at $36.38 on Wednesday. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.95 and a beta of 0.75. The company’s 50 day simple moving average is $41.90 and its 200 day simple moving average is $50.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. Rollins, Inc. has a fifty-two week low of $35.83 and a fifty-two week high of $66.14.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. Rollins’s dividend payout ratio is currently 66.36%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ROL shares. Bank of America reiterated a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. BNP Paribas Exane dropped their price target on shares of Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the company a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.71.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.