Ethic Inc. Purchases 7,720 Shares of Rollins, Inc. $ROL

Ethic Inc. lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 18.8% during the second quarter, HoldingsChannel reports. The firm owned 48,788 shares of the business services provider’s stock after buying an additional 7,720 shares during the quarter. Ethic Inc.’s holdings in Rollins were worth $2,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its position in shares of Rollins by 1.6% during the second quarter. D.A. Davidson & CO. now owns 74,011 shares of the business services provider’s stock worth $4,176,000 after purchasing an additional 1,181 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Rollins by 9.5% during the second quarter. Whittier Trust Co. now owns 5,932 shares of the business services provider’s stock worth $335,000 after purchasing an additional 513 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Rollins by 9.7% during the second quarter. Pittenger & Anderson Inc. now owns 14,406 shares of the business services provider’s stock worth $813,000 after purchasing an additional 1,271 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Rollins during the second quarter worth $232,000. Finally, Dumont & Blake Investment Advisors LLC bought a new position in shares of Rollins during the second quarter worth $201,000. 51.79% of the stock is owned by institutional investors.

Rollins Trading Down 0.2%

ROL opened at $56.65 on Friday. The stock has a market capitalization of $27.45 billion, a P/E ratio of 56.09 and a beta of 0.69. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The firm’s fifty day simple moving average is $56.91 and its 200 day simple moving average is $56.62. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same period in the previous year, the business earned $0.27 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Barclays boosted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. UBS Group boosted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Piper Sandler boosted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.18.

Rollins Company Profile

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.