61,751 Shares in Rollins, Inc. $ROL Acquired by Sone Capital Management LLC

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

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC lifted its position in shares of Rollins by 8.7% during the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Rollins by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after acquiring an additional 183 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Rollins by 0.3% in the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock worth $3,092,000 after acquiring an additional 185 shares during the last quarter. New Mexico Educational Retirement Board raised its position in shares of Rollins by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after purchasing an additional 200 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Rollins by 3.9% during the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of Rollins 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 stock 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. The business has a fifty day simple moving average of $41.06 and a 200-day simple moving average of $50.04.

Rollins (NYSE:ROL) last posted 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.19 EPS for the current fiscal year.

Rollins Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $43.00 price target (down from $50.00) 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 note on Wednesday, July 8th. Wells Fargo & Company cut shares of Rollins from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $46.00 to $32.00 in a report on Friday, July 24th. Weiss Ratings downgraded shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Piper Sandler cut their price target on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus price target of $48.71.

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.