Robbins Farley Acquires 27,819 Shares of Rollins, Inc. $ROL

Robbins Farley boosted its holdings in Rollins, Inc. (NYSE:ROL) by 38.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,906 shares of the business services provider’s stock after purchasing an additional 27,819 shares during the period. Robbins Farley’s holdings in Rollins were worth $4,170,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of Rollins during the 4th quarter worth $25,000. Westpac Banking Corp bought a new position in Rollins during the second quarter valued at about $42,000. Fideuram Asset Management Ireland dac bought a new position in Rollins during the fourth quarter valued at about $43,000. Quarry LP increased its holdings in Rollins by 155.2% during the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after buying an additional 450 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in Rollins by 47.3% during the fourth quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock worth $47,000 after buying an additional 251 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

ROL has been the topic of several research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 price objective (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. Piper Sandler reduced their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Weiss Ratings lowered Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Barclays set a $45.00 target price on shares of Rollins and gave the company an “overweight” rating 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.71.

Rollins Stock Performance

Shares of NYSE ROL opened at $35.69 on Thursday. The firm’s 50-day moving average price is $39.82 and its 200-day moving average price is $48.68. The company has a market cap of $17.17 billion, a PE ratio of 32.44, a PEG ratio of 3.89 and a beta of 0.74. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52-week low of $35.48 and a 52-week high of $66.14.

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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

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

Rollins 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.