Legal & General Group Plc Buys New Position in Rollins, Inc. $ROL

Legal & General Group Plc bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,016,785 shares of the business services provider’s stock, valued at approximately $84,181,000. Legal & General Group Plc owned 0.42% of Rollins as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ROL. The Manufacturers Life Insurance Company acquired a new position in shares of Rollins in the 2nd quarter worth approximately $45,525,000. Sone Capital Management LLC acquired a new stake in shares of Rollins during the second quarter worth $2,577,000. Front Street Capital Management Inc. acquired a new stake in shares of Rollins during the second quarter worth $350,000. Manning & Napier Advisors LLC acquired a new stake in shares of Rollins during the second quarter worth $63,126,000. Finally, Visionary Wealth Advisors bought a new position in Rollins during the second quarter worth $2,753,000. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE:ROL opened at $35.92 on Friday. Rollins, Inc. has a twelve month low of $35.81 and a twelve month high of $66.14. The stock’s 50 day moving average is $40.50 and its 200-day moving average is $49.45. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $17.29 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 4.02 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) 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 analyst estimates of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. Sell-side analysts forecast that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Announces Dividend

The firm 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 $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

Analyst Upgrades and Downgrades

ROL has been the topic of several recent analyst reports. Canaccord Genuity Group set a $45.00 target price on shares of Rollins and gave the company a “hold” rating in a report on Thursday, July 23rd. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Barclays set a $45.00 price objective on Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Finally, Piper Sandler cut their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Rollins presently has an average rating of “Hold” and an average target price of $48.71.

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.