Edgestream Partners L.P. Invests $4.30 Million in Rollins, Inc. $ROL

Edgestream Partners L.P. bought a new stake in Rollins, Inc. (NYSE:ROL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,492 shares of the business services provider’s stock, valued at approximately $4,299,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Pension Service boosted its position in Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after purchasing an additional 29,758 shares during the last quarter. USS Investment Management Ltd increased its position in shares of Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after purchasing an additional 1,123,237 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Rollins by 16.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock valued at $11,551,000 after purchasing an additional 31,173 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Rollins by 73.3% during the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock worth $100,365,000 after purchasing an additional 794,722 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Rollins by 65.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 44,265 shares of the business services provider’s stock worth $2,657,000 after purchasing an additional 17,546 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ROL. Wells Fargo & Company downgraded shares of Rollins from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $46.00 to $32.00 in a report on Friday, July 24th. JPMorgan Chase & Co. restated an “underweight” rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a report on Friday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research report on Thursday, April 23rd. Bank of America reiterated a “neutral” rating and issued a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Finally, Citigroup started coverage on shares of Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Rollins has a consensus rating of “Hold” and an average price target of $48.71.

Rollins Stock Down 0.7%

Rollins stock opened at $38.09 on Friday. Rollins, Inc. has a 1-year low of $36.59 and a 1-year high of $66.14. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 4.15 and a beta of 0.75. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $44.61 and a 200 day simple moving average of $53.02.

Rollins (NYSE:ROL) last issued 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). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. On average, analysts predict that Rollins, Inc. will post 1.2 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. Stockholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.9%. Rollins’s payout ratio is 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.