NewEdge Wealth LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 65,783 shares of the business services provider’s stock, valued at approximately $2,746,000.
Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Rollins in the 2nd quarter valued at about $1,204,334,000. State Street Corp lifted its position in shares of Rollins by 4.7% in the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after purchasing an additional 575,946 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after purchasing an additional 626,866 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Rollins by 8.2% during the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after purchasing an additional 461,869 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.
Rollins Stock Up 0.1%
Shares of Rollins stock opened at $36.31 on Friday. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 3.96 and a beta of 0.75. The stock has a 50-day simple moving average of $41.45 and a 200-day simple moving average of $50.41. Rollins, Inc. has a 52-week low of $35.83 and a 52-week high of $66.14. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s dividend payout ratio is 66.36%.
Analysts Set New Price Targets
ROL has been the topic of a number of research analyst reports. Bank of America reaffirmed a “neutral” rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Citigroup began coverage on shares of Rollins in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. BNP Paribas Exane decreased their target price 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. UBS Group restated a “neutral” rating and set a $43.00 price target (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $45.00 price target (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.71.
View Our Latest Stock Report on ROL
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.
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