Seven Grand Managers LLC Takes Position in Rollins, Inc. $ROL

Seven Grand Managers LLC bought a new stake in Rollins, Inc. (NYSE:ROL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 200,000 shares of the business services provider’s stock, valued at approximately $12,004,000.

Other institutional investors have also modified their holdings of the company. Mirabella Financial Services LLP acquired a new position in shares of Rollins in the third quarter valued at approximately $1,739,000. Jefferies Financial Group Inc. increased its holdings in shares of Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after purchasing an additional 68,647 shares during the period. National Pension Service increased its holdings in shares of Rollins by 353.2% in the third quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock valued at $1,264,000 after purchasing an additional 16,771 shares during the period. Federated Hermes Inc. increased its holdings in shares of Rollins by 40.9% in the third quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after purchasing an additional 315,456 shares during the period. Finally, Dakota Wealth Management increased its holdings in shares of Rollins by 19.2% in the third quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider’s stock valued at $9,803,000 after purchasing an additional 26,867 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 5.2%

Shares of ROL stock opened at $50.41 on Thursday. The business’s fifty day moving average price is $54.09 and its 200 day moving average price is $58.20. Rollins, Inc. has a 1-year low of $50.02 and a 1-year high of $66.14. The firm has a market capitalization of $24.27 billion, a PE ratio of 46.25, a P/E/G ratio of 3.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.Rollins’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be issued a $0.1825 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.4%. Rollins’s dividend payout ratio is 66.97%.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of recent analyst reports. Weiss Ratings lowered Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Loop Capital initiated coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective on the stock. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the stock a “hold” rating in a report on Friday, April 24th. Wells Fargo & Company dropped their price objective on Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 price objective on shares of Rollins in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.20.

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: The company said it will begin a search for a new CFO, which should help clarify the transition and limit disruption. ROLLINS, INC. ANNOUNCES CFO TRANSITION
• Neutral Sentiment: Recent operating results were solid, with quarterly revenue up 10.2% year over year and EPS matching expectations, which may help cushion sentiment around the leadership change.
• Negative Sentiment: The stock has been trading well below its 50-day and 200-day moving averages, suggesting investors have already been cautious on the name before this announcement.

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.