Sanctuary Advisors LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 48,806 shares of the business services provider’s stock, valued at approximately $2,037,000.
Other hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC boosted its holdings in shares of Rollins by 8.7% during the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after buying an additional 183 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake 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 valued at $874,000 after acquiring an additional 183 shares in the last quarter. IFM Investors Pty Ltd lifted its position 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 valued at $3,092,000 after acquiring an additional 185 shares during the period. New Mexico Educational Retirement Board boosted its stake in Rollins by 1.6% during the fourth 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 boosted its stake in Rollins by 3.9% during the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after acquiring an additional 203 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.
Rollins Stock Performance
ROL opened at $36.70 on Thursday. Rollins, Inc. has a 1-year low of $35.83 and a 1-year high of $66.14. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 3.98 and a beta of 0.75. The company’s fifty day moving average price is $40.68 and its two-hundred day moving average price is $49.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.
Rollins Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.0%. Rollins’s payout ratio is 66.36%.
Analysts Set New Price Targets
Several research firms have weighed in on ROL. 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. Raymond James Financial set a $35.00 price objective on shares of Rollins in a research report on Thursday, July 23rd. Piper Sandler reduced their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $43.00 price target (down from $50.00) 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 assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $48.71.
Get Our Latest Stock 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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