Norges Bank Buys New Holdings in Rollins, Inc. $ROL

Norges Bank bought a new stake in Rollins, Inc. (NYSE:ROL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,076,457 shares of the business services provider’s stock, valued at approximately $244,669,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new stake in Rollins in the fourth quarter valued at approximately $1,457,000. Fideuram Asset Management Ireland dac acquired a new stake in Rollins in the fourth quarter valued at approximately $43,000. National Pension Service raised its holdings in Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Rollins in the fourth quarter valued at approximately $254,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Rollins by 7.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,329 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 367 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ROL shares. Weiss Ratings cut shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a report on Friday, April 24th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $70.00 to $52.00 in a report on Friday. Royal Bank Of Canada set a $67.00 price objective on shares of Rollins and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Morgan Stanley set a $70.00 price objective on shares of Rollins in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Rollins Stock Down 2.9%

ROL stock opened at $44.98 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a twelve month low of $44.63 and a twelve month high of $66.14. The company’s 50 day moving average is $53.68 and its two-hundred day moving average is $57.97. The stock has a market cap of $21.66 billion, a P/E ratio of 41.27, a PEG ratio of 2.85 and a beta of 0.73.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The company had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts expect that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. Rollins’s dividend payout ratio (DPR) is presently 66.97%.

Rollins Company 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.