Engineers Gate Manager LP Purchases New Position in Rollins, Inc. $ROL

Engineers Gate Manager LP purchased a new stake in Rollins, Inc. (NYSE:ROL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 357,175 shares of the business services provider’s stock, valued at approximately $14,908,000.

Several other hedge funds have also bought and sold shares of ROL. NewEdge Advisors LLC increased its holdings in shares of Rollins by 18.7% during the 2nd quarter. NewEdge Advisors LLC now owns 7,265 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 1,143 shares in the last quarter. IFP Advisors Inc boosted its holdings in Rollins by 14.9% during the second quarter. IFP Advisors Inc now owns 11,347 shares of the business services provider’s stock worth $474,000 after buying an additional 1,475 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Rollins by 116.7% during the second quarter. Squarepoint Ops LLC now owns 1,491,257 shares of the business services provider’s stock worth $62,245,000 after buying an additional 802,986 shares in the last quarter. Arizona State Retirement System grew its position in Rollins by 4.9% during the second quarter. Arizona State Retirement System now owns 82,915 shares of the business services provider’s stock valued at $3,461,000 after buying an additional 3,889 shares during the period. Finally, Empirical Finance LLC grew its position in Rollins by 4.4% during the second quarter. Empirical Finance LLC now owns 8,740 shares of the business services provider’s stock valued at $365,000 after buying an additional 365 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 1.2%

Shares of Rollins stock opened at $34.52 on Thursday. The firm has a market capitalization of $16.61 billion, a PE ratio of 31.39, a P/E/G ratio of 3.76 and a beta of 0.74. Rollins, Inc. has a twelve month low of $34.35 and a twelve month high of $66.14. The firm’s 50-day moving average price is $39.11 and its 200 day moving average price is $47.83. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings data 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $0.30 earnings per share. Rollins’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.1825 dividend. 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 2.1%. Rollins’s payout ratio is currently 66.36%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Morgan Stanley lowered their target price on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $70.00 to $52.00 in a research report on Friday, May 29th. BNP Paribas Exane cut their price target on Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, Canaccord Genuity Group set a $45.00 price target on Rollins and gave the stock a “hold” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.71.

Rollins Profile

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.