Royal Bank of Canada Grows Stock Position in Rollins, Inc. $ROL

Royal Bank of Canada increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 16.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,272,753 shares of the business services provider’s stock after purchasing an additional 181,460 shares during the period. Royal Bank of Canada’s holdings in Rollins were worth $67,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rollins by 5.5% during 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 buying an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after acquiring an additional 918 shares during the period. Woodline Partners LP boosted its holdings in shares of Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 valued at $47,000 after acquiring an additional 375 shares in the last quarter. Finally, First Trust Advisors LP increased its stake 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 acquiring an additional 239,361 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of NYSE ROL opened at $38.09 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins, Inc. has a one year low of $36.59 and a one year high of $66.14. The firm has a market capitalization of $18.33 billion, a P/E ratio of 34.62, a PEG ratio of 4.11 and a beta of 0.75. The company’s fifty day moving average is $44.61 and its two-hundred day moving average is $53.02.

Rollins (NYSE:ROL) last announced 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). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Rollins, Inc. will post 1.2 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio is presently 66.36%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 target price (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. The Goldman Sachs Group reissued a “buy” rating and set a $67.00 target price on shares of Rollins in a research note on Thursday, April 23rd. Finally, Piper Sandler cut 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus target price of $48.71.

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.