Strategic Global Advisors LLC Acquires Shares of 129,318 Rollins, Inc. $ROL

Strategic Global Advisors LLC bought a new stake in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 129,318 shares of the business services provider’s stock, valued at approximately $5,398,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. BlackRock Inc. acquired a new stake in shares of Rollins during the 2nd quarter worth approximately $1,204,334,000. Norges Bank acquired a new position in Rollins during the fourth quarter valued at approximately $244,669,000. Legal & General Group Plc acquired a new position in Rollins during the second quarter valued at approximately $84,181,000. Pictet Asset Management Holding SA lifted its stake in Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after purchasing an additional 1,899,515 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Rollins during the second quarter worth $65,993,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ROL shares. UBS Group reiterated a “neutral” rating and issued a $43.00 price target (down from $50.00) on shares of Rollins in a research note 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 research report on Friday, July 24th. Morgan Stanley reduced their price objective on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. Finally, Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.71.

Rollins Trading Up 0.9%

NYSE ROL opened at $36.70 on Thursday. 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 twelve month low of $35.83 and a twelve month high of $66.14. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75. The business’s fifty day moving average is $40.68 and its 200 day moving average is $49.65.

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). Rollins had a return on equity of 38.81% and a net margin of 13.55%.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 previous year, the company earned $0.30 EPS. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

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 issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. The ex-dividend date 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.