Rollins, Inc. $ROL Stock: MGO One Seven LLC Cuts Stake

MGO One Seven LLC lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 83.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,065 shares of the business services provider’s stock after selling 46,699 shares during the quarter. MGO One Seven LLC’s holdings in Rollins were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Rollins during the 2nd quarter valued at $1,204,334,000. Legal & General Group Plc bought a new stake in Rollins during the 2nd quarter valued at approximately $84,181,000. Bank of New York Mellon Corp bought a new position in Rollins in the 2nd quarter worth approximately $65,993,000. Manning & Napier Advisors LLC purchased a new stake in Rollins during the 2nd quarter valued at approximately $63,126,000. Finally, Danske Bank A S bought a new stake in shares of Rollins during the second quarter valued at approximately $61,792,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROL has been the topic of several research analyst reports. Zacks Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Wall Street Zen cut Rollins from a “hold” rating to a “sell” rating in a report on Saturday. The Goldman Sachs Group set a $42.00 price objective on Rollins in a research note on Thursday, October 22nd. Sanford C. Bernstein lowered their target price on Rollins from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Monday, October 19th. Finally, Raymond James Financial set a $35.00 price target on shares of Rollins in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.56.

Rollins Trading Up 1.8%

ROL stock opened at $38.63 on Tuesday. Rollins, Inc. has a twelve month low of $29.28 and a twelve month high of $66.14. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $33.68 and its two-hundred day simple moving average is $46.25.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts anticipate that Rollins, Inc. will post 1.14 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a $0.20 dividend. This is a boost 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 annualized dividend 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.