Cabot Wealth Management Inc. Buys 245 Shares of Rollins, Inc. $ROL

Cabot Wealth Management Inc. lifted its stake in Rollins, Inc. (NYSE:ROL) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,939 shares of the business services provider’s stock after acquiring an additional 245 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Rollins were worth $4,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Rollins in the second quarter worth approximately $30,000. GW&K Investment Management LLC grew its stake in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after acquiring an additional 548 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares during the period. National Pension Service grew its stake in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after acquiring an additional 462 shares during the period. Finally, HM Payson & Co. bought a new stake in shares of Rollins in the first quarter worth approximately $63,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Price Performance

Shares of NYSE:ROL opened at $56.65 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The company has a market capitalization of $27.45 billion, a P/E ratio of 56.09 and a beta of 0.69. The firm’s 50 day simple moving average is $56.91 and its two-hundred day simple moving average is $56.66.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROL. JPMorgan Chase & Co. began coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target for the company. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. UBS Group boosted their target price on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Piper Sandler boosted their target price on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.18.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.