Rollins, Inc. $ROL Stake Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 543,044 shares of the business services provider’s stock after selling 82,935 shares during the quarter. Baird Financial Group Inc.’s holdings in Rollins were worth $22,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ROL. DV Equities LLC bought a new stake in Rollins during the 4th quarter valued at $25,000. Raiffeisen Bank International AG raised its holdings in Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Rollins in the fourth quarter worth about $43,000. Quarry LP lifted its holdings in Rollins by 155.2% in 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 last quarter. Finally, Root Financial Partners LLC lifted its holdings in Rollins by 47.3% in 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 last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Citigroup began coverage on shares of Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 target price for the company. Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. 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. Finally, Barclays set a $45.00 price objective on Rollins and gave the stock an “overweight” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Rollins currently has an average rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

NYSE ROL opened at $34.70 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 3.72 and a beta of 0.74. The company has a 50 day simple moving average of $38.76 and a 200-day simple moving average of $47.55. Rollins, Inc. has a 52-week low of $34.35 and a 52-week high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.30 EPS. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given 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 payout ratio is currently 66.36%.

Rollins Company 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.