Empowered Funds LLC Buys Shares of 46,454 Rollins, Inc. $ROL

Empowered Funds LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,454 shares of the business services provider’s stock, valued at approximately $1,939,000.

Several other hedge funds and other institutional investors have also modified their holdings of ROL. DV Equities LLC acquired a new stake in shares of Rollins in the fourth quarter valued at $25,000. Westpac Banking Corp acquired a new position in Rollins during the 2nd quarter worth about $42,000. Fideuram Asset Management Ireland dac acquired a new position in Rollins during the 4th quarter worth about $43,000. Quarry LP boosted its holdings in 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 acquiring an additional 450 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in Rollins by 47.3% during the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 251 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ROL shares. Wells Fargo & Company downgraded Rollins from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Piper Sandler lowered their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Barclays set a $45.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. Zacks Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.71.

Rollins Trading Down 0.2%

NYSE:ROL opened at $35.65 on Friday. Rollins, Inc. has a 12-month low of $35.47 and a 12-month high of $66.14. The firm has a market cap of $17.15 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $39.67 and a 200 day moving average price of $48.52.

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

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. Rollins’s payout ratio is currently 66.36%.

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.