Value Holdings Management CO. LLC bought a new position in Rollins, Inc. (NYSE:ROL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 941,170 shares of the business services provider’s stock, valued at approximately $39,285,000. Rollins makes up approximately 6.6% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 6th biggest position. Value Holdings Management CO. LLC owned approximately 0.20% of Rollins at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ROL. LRI Investments LLC boosted its holdings in shares of Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after buying an additional 183 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Rollins by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after buying an additional 183 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of Rollins by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock worth $3,092,000 after acquiring an additional 185 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Rollins by 1.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after acquiring an additional 200 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Rollins by 3.9% during the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 203 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Morgan Stanley lowered their price objective on Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Finally, Citigroup assumed 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 analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $48.71.
Rollins Stock Up 0.1%
ROL stock opened at $36.31 on Friday. The stock has a market capitalization of $17.47 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 3.96 and a beta of 0.75. Rollins, Inc. has a 52 week low of $35.83 and a 52 week high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $41.45 and a 200 day moving average of $50.41.
Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Sell-side analysts forecast that Rollins, Inc. will post 1.19 earnings per share for the current year.
Rollins Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. Rollins’s payout ratio is 66.36%.
Rollins 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.
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