Rollins (NYSE:ROL) Sets New 52-Week Low – Here’s What Happened

Shares of Rollins, Inc. (NYSE:ROL) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $34.32 and last traded at $34.4030, with a volume of 880036 shares traded. The stock had previously closed at $35.31.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Raymond James Financial set a $35.00 target price on Rollins in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Morgan Stanley reduced their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Wells Fargo & Company downgraded shares of Rollins from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $46.00 to $32.00 in a report on Friday, July 24th. Finally, Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

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 company has a market cap of $16.39 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 3.74 and a beta of 0.74. The business has a fifty day moving average price of $38.61 and a 200 day moving average price of $47.28.

Rollins (NYSE:ROL) last released its quarterly earnings data 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). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.1%. Rollins’s dividend payout ratio is 66.36%.

Institutional Investors Weigh In On Rollins

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in Rollins by 580.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,090,688 shares of the business services provider’s stock valued at $45,525,000 after buying an additional 930,397 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Rollins during the second quarter worth $3,619,000. Engineers Gate Manager LP bought a new position in shares of Rollins in the 2nd quarter valued at $14,908,000. NewEdge Advisors LLC lifted its stake in shares of Rollins by 18.7% in the 2nd quarter. NewEdge Advisors LLC now owns 7,265 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 1,143 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Rollins by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 11,347 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 1,475 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.