SEB Asset Management AB Buys Shares of 178,622 Rollins, Inc. $ROL

SEB Asset Management AB purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 178,622 shares of the business services provider’s stock, valued at approximately $9,540,000.

A number of other hedge funds have also modified their holdings of the stock. Swiss National Bank boosted its position in Rollins by 7.1% during the first quarter. Swiss National Bank now owns 853,300 shares of the business services provider’s stock valued at $45,575,000 after purchasing an additional 56,500 shares during the last quarter. Assetmark Inc. increased its position in Rollins by 38.7% in the 1st quarter. Assetmark Inc. now owns 2,166 shares of the business services provider’s stock worth $116,000 after purchasing an additional 604 shares during the last quarter. Gallacher Capital Management LLC increased its position in Rollins by 5.6% in the 1st quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock worth $272,000 after purchasing an additional 268 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Rollins by 73.3% during the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock worth $100,365,000 after purchasing an additional 794,722 shares in the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Rollins during the 1st quarter worth about $33,060,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROL has been the subject of several recent research reports. Loop Capital initiated coverage on Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price target for the company. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $70.00 to $52.00 in a research note on Friday, May 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average price target of $60.87.

Rollins Stock Down 2.0%

Shares of Rollins stock opened at $43.85 on Wednesday. The stock has a market capitalization of $21.11 billion, a P/E ratio of 40.23, a PEG ratio of 2.75 and a beta of 0.75. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $46.87 and a two-hundred day moving average price of $54.12. Rollins, Inc. has a 12-month low of $41.50 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting 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 analyst estimates of $895.17 million. During the same quarter last year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts expect that Rollins, Inc. will post 1.24 earnings per share for the current year.

Trending Headlines about Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Rollins announced a regular quarterly cash dividend of $0.1825 per share, signaling continued confidence in cash generation and returning capital to shareholders. ROLLINS, INC. ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
• Positive Sentiment: Recent analyst coverage ahead of Q2 earnings pointed to expected revenue and EPS growth, supported by acquisitions, market expansion, cross-selling, and pricing power. Rollins is Set to Report Q2 Earnings: Here’s What You Should Know
• Positive Sentiment: Another earnings preview suggested investors are looking for continued strength in key operating metrics, reinforcing expectations for a solid quarterly report. Rollins (ROL) Q2 Earnings on the Horizon: Analysts’ Insights on Key Performance Measures
• Neutral Sentiment: A market commentary article highlighted that Rollins’ prior revenue beat and rising EPS estimates could be constructive for shareholders, but it mainly reflects analyst sentiment rather than a new company-specific catalyst. What Rollins (ROL)’s Revenue Beat and Rising EPS Estimates Mean For Shareholders
• Negative Sentiment: The stock has been trading below its 50-day and 200-day moving averages, suggesting the market still sees weakness despite the positive dividend and earnings backdrop.

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.