Strategic Global Advisors LLC Purchases Shares of 129,318 Rollins, Inc. $ROL

Strategic Global Advisors LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 129,318 shares of the business services provider’s stock, valued at approximately $5,398,000.

A number of other hedge funds also recently modified their holdings of ROL. DV Equities LLC bought a new stake in shares of Rollins in the fourth quarter worth $25,000. Cornerstone Planning Group LLC lifted its holdings in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the period. Torren Management LLC acquired a new position in Rollins during the 4th quarter worth about $36,000. Westpac Banking Corp bought a new stake in shares of Rollins in the 2nd quarter valued at about $42,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Rollins in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays set a $45.00 price target on Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Piper Sandler reduced their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company downgraded shares of Rollins from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Finally, Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $52.00 in a report on Friday, May 29th. One research 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.71.

Rollins Stock Performance

Shares of ROL opened at $36.70 on Thursday. 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 stock has a market capitalization of $17.66 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75. The firm’s fifty day simple moving average is $40.68 and its two-hundred day simple moving average is $49.65. Rollins, Inc. has a 12 month low of $35.83 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. As a group, analysts predict that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.1825 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.0%. Rollins’s payout ratio is 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.