Rakuten Investment Management Inc. purchased a new position in shares of Rollins, Inc. (NYSE:ROL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,778 shares of the business services provider’s stock, valued at approximately $2,020,000.
A number of other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares in the last quarter. Empowered Funds LLC raised its position in Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Rollins by 185.0% during the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. 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 note on Wednesday, July 8th. Barclays set a $45.00 target price on shares of Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Piper Sandler dropped their price target on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.71.
Rollins Price Performance
Shares of NYSE ROL opened at $36.43 on Monday. The company has a market capitalization of $17.53 billion, a PE ratio of 33.12, a P/E/G ratio of 3.98 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a twelve month low of $35.81 and a twelve month high of $66.14. The firm has a fifty day simple moving average of $40.33 and a 200 day simple moving average of $49.25.
Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company posted $0.30 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins, Inc. will post 1.18 EPS for the current year.
Rollins Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given 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 presently 66.36%.
Rollins Company 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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