Deutsche Bank AG Purchases Shares of 1,453,211 Rollins, Inc. $ROL

Deutsche Bank AG acquired a new position in Rollins, Inc. (NYSE:ROL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,453,211 shares of the business services provider’s stock, valued at approximately $60,657,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after buying an additional 1,562,241 shares in the last quarter. State Street Corp increased its holdings in Rollins by 4.7% in the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock valued at $771,279,000 after buying an additional 575,946 shares during the period. Geode Capital Management LLC raised its stake in shares of Rollins by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after buying an additional 626,866 shares in the last quarter. Invesco Ltd. raised its stake in shares of Rollins by 8.2% in the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after buying an additional 461,869 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Rollins during the 4th quarter worth about $244,669,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Up 0.1%

Shares of ROL opened at $36.31 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 3.96 and a beta of 0.75. The stock has a fifty day moving average price of $41.45 and a two-hundred day moving average price of $50.41. Rollins, Inc. has a 52-week low of $35.83 and a 52-week high of $66.14.

Rollins (NYSE:ROL) last announced 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). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.30 EPS. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Rollins, Inc. will post 1.19 EPS for the current fiscal year.

Rollins Announces Dividend

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

Analysts Set New Price Targets

ROL has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Piper Sandler cut their price target on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Raymond James Financial set a $35.00 target price on Rollins in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.71.

Rollins Profile

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.