Sone Capital Management LLC Buys Shares of 61,751 Rollins, Inc. $ROL

Sone Capital Management LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 61,751 shares of the business services provider’s stock, valued at approximately $2,577,000.

A number of other hedge funds have also modified their holdings of the stock. DV Equities LLC acquired a new stake in Rollins during the fourth quarter valued at $25,000. Cornerstone Planning Group LLC increased its position in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Rollins during the 4th quarter worth about $36,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Rollins during the 4th quarter worth about $43,000. Finally, Quarry LP lifted its holdings in shares of Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after buying an additional 450 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BNP Paribas Exane dropped their price objective on Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Bank of America reiterated a “neutral” rating and issued a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. Morgan Stanley cut their price target on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Rollins presently has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins Trading Up 1.0%

Shares of ROL stock opened at $37.27 on Tuesday. Rollins, Inc. has a 12 month low of $35.83 and a 12 month high of $66.14. 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 business’s 50 day moving average is $41.06 and its two-hundred day moving average is $50.04. The company has a market cap of $17.93 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75.

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

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

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.