The Manufacturers Life Insurance Company Purchases 930,397 Shares of Rollins, Inc. $ROL

The Manufacturers Life Insurance Company grew its position in Rollins, Inc. (NYSE:ROL) by 580.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,090,688 shares of the business services provider’s stock after buying an additional 930,397 shares during the period. The Manufacturers Life Insurance Company’s holdings in Rollins were worth $45,525,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ROL. DV Equities LLC bought a new position in Rollins during the fourth quarter worth about $25,000. Raiffeisen Bank International AG increased its holdings in shares of Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after acquiring an additional 272 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of Rollins during the second quarter worth about $42,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Rollins during the fourth quarter worth about $43,000. Finally, Quarry LP lifted its holdings in shares of Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.4%

ROL stock 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 stock has a market capitalization of $16.69 billion, a P/E ratio of 31.54, a P/E/G ratio of 3.72 and a beta of 0.74. Rollins, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $66.14. The business has a 50-day moving average of $38.76 and a 200-day moving average of $47.55.

Rollins (NYSE:ROL) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.30 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Rollins’s dividend payout ratio (DPR) is currently 66.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ROL shares. UBS Group reiterated a “neutral” rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. 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 research note on Friday, July 24th. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $52.00 to $40.00 in a report on Thursday, July 23rd. Finally, Bank of America reissued a “neutral” rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Rollins has an average rating of “Hold” and a consensus price target of $48.71.

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.