Commerce Bank Buys New Stake in Rollins, Inc. $ROL

Commerce Bank purchased a new position in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 123,201 shares of the business services provider’s stock, valued at approximately $5,142,000.

Several other institutional investors and hedge funds have also bought and sold shares of ROL. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Rollins during the 2nd quarter valued at $250,000. Quantbot Technologies LP purchased a new position in Rollins during the 2nd quarter worth $3,780,000. George Kaiser Family Foundation acquired a new position in Rollins during the 2nd quarter valued at about $265,000. Westpac Banking Corp acquired a new position in Rollins during the 2nd quarter valued at about $42,000. Finally, Sumitomo Life Insurance Co. purchased a new stake in Rollins in the second quarter valued at about $741,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of NYSE:ROL opened at $36.86 on Monday. Rollins, Inc. has a twelve month low of $35.83 and a twelve month high of $66.14. The company’s 50 day moving average is $41.25 and its 200 day moving average is $50.22. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The company has a market cap of $17.73 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts forecast that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed 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 dividend yield of 2.0%. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Bank of America reissued a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. UBS Group restated a “neutral” rating and set a $43.00 price objective (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Weiss Ratings lowered shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Citigroup assumed coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.