UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 26,807 Shares of Rollins, Inc. $ROL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,020,508 shares of the business services provider’s stock after buying an additional 26,807 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Rollins were worth $84,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service lifted its position in shares of Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after buying an additional 29,758 shares in the last quarter. Dudley & Shanley Inc. boosted its stake in Rollins by 8.8% during the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock valued at $20,689,000 after buying an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Rollins by 16.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock valued at $11,551,000 after buying an additional 31,173 shares in the last quarter. USS Investment Management Ltd grew its holdings in Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after buying an additional 1,123,237 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Rollins by 73.3% in the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock worth $100,365,000 after acquiring an additional 794,722 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $35.69 on Thursday. The company has a market cap of $17.17 billion, a P/E ratio of 32.44, a P/E/G ratio of 3.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The business’s 50 day moving average price is $39.82 and its 200-day moving average price is $48.68. Rollins, Inc. has a fifty-two week low of $35.48 and a fifty-two week high of $66.14.

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

Rollins Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. Piper Sandler reduced their price target on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Bank of America reaffirmed a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Finally, Barclays set a $45.00 target price on shares of Rollins and gave the stock an “overweight” rating in a report on Friday, July 24th. One 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.71.

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.