318,701 Shares in Rollins, Inc. $ROL Acquired by JLB & Associates Inc.

JLB & Associates Inc. purchased a new stake in Rollins, Inc. (NYSE:ROL) during the second quarter, HoldingsChannel reports. The firm purchased 318,701 shares of the business services provider’s stock, valued at approximately $13,303,000. Rollins comprises 1.8% of JLB & Associates Inc.’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds have also added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after buying an additional 918 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after buying an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Rollins by 185.0% during the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after buying an additional 239,361 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ROL shares. Zacks Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. UBS Group reaffirmed a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $67.00 target price on shares of Rollins in a research note on Thursday, April 23rd. Finally, 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. 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, the company has an average rating of “Hold” and an average target price of $48.71.

Rollins Stock Performance

Shares of NYSE:ROL opened at $36.38 on Wednesday. The company’s 50 day moving average price is $41.90 and its two-hundred day moving average price is $50.78. Rollins, Inc. has a 12-month low of $35.83 and a 12-month high of $66.14. The firm has a market cap of $17.50 billion, a PE ratio of 33.07, a PEG ratio of 3.95 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34.

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

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 2.0%. Rollins’s dividend payout ratio is currently 66.36%.

About Rollins

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.