Rollins, Inc. $ROL Stake Raised by Buckhead Capital Management LLC

Buckhead Capital Management LLC increased its holdings in Rollins, Inc. (NYSE:ROL) by 41.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,414 shares of the business services provider’s stock after purchasing an additional 28,532 shares during the period. Buckhead Capital Management LLC’s holdings in Rollins were worth $2,934,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Raiffeisen Bank International AG lifted its position in Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after buying an additional 272 shares during the period. Heritage Family Offices LLP acquired a new stake in Rollins in the 3rd quarter worth about $27,000. Pinnacle Wealth Planning Services Inc. boosted its stake in Rollins by 137.7% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock worth $37,000 after buying an additional 716 shares during the last quarter. Westpac Banking Corp acquired a new stake in Rollins in the 2nd quarter worth about $42,000. Finally, Legacies Wealth LLC purchased a new stake in Rollins in the 3rd quarter valued at about $43,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on ROL. Bank of America cut Rollins from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $35.00 in a report on Thursday, July 23rd. Raymond James Financial set a $35.00 price objective on shares of Rollins in a report on Thursday, July 23rd. JPMorgan Chase & Co. decreased their target price on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings downgraded shares of Rollins from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.25.

Rollins Price Performance

ROL opened at $37.96 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 52-week low of $29.28 and a 52-week high of $66.14. The company has a 50 day moving average of $33.63 and a two-hundred day moving average of $46.37. The company has a market cap of $18.15 billion, a P/E ratio of 34.83, a P/E/G ratio of 4.30 and a beta of 0.73.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 1.14 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a dividend of $0.20 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Rollins’s dividend payout ratio is currently 66.97%.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.