Korea Investment CORP bought a new stake in Rollins, Inc. (NYSE:ROL – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 170,894 shares of the business services provider’s stock, valued at approximately $7,133,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Callan Family Office LLC bought a new position in shares of Rollins in the 2nd quarter valued at $643,000. Keating Financial Advisory Services Inc. acquired a new position in Rollins in the 2nd quarter worth about $94,000. OneAscent Investment Solutions LLC bought a new position in Rollins in the second quarter valued at about $279,000. OneAscent Financial Services LLC bought a new position in Rollins in the second quarter valued at about $243,000. Finally, Allworth Financial LP acquired a new stake in shares of Rollins during the second quarter valued at about $153,000. Institutional investors own 51.79% of the company’s stock.
Rollins Stock Performance
Shares of ROL opened at $37.27 on Tuesday. 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 stock has a 50 day moving average price of $41.06 and a two-hundred day moving average price of $50.04. The firm has a market capitalization of $17.93 billion, a P/E ratio of 33.88, a P/E/G ratio of 4.03 and a beta of 0.75. Rollins, Inc. has a 52 week low of $35.83 and a 52 week high of $66.14.
Rollins Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is currently 66.36%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Raymond James Financial set a $35.00 target price on shares of Rollins in a report on Thursday, July 23rd. Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $46.00 to $32.00 in a report on Friday, July 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $45.00 price objective (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. BNP Paribas Exane decreased their price target on Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Citigroup started coverage on Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.71.
Read Our Latest Research Report on Rollins
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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