126,873 Shares in Rollins, Inc. $ROL Bought by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 126,873 Rollins shares worth approximately $5.3 million, while other institutional investors also increased their positions. Institutions now own 51.79% of the company.
• Rollins reported quarterly earnings of $0.32 per share, missing analyst expectations of $0.34, while revenue rose 7.9% year over year to $1.08 billion.
• Shares opened at $36.23, near the company’s 12-month low of $35.97. Analysts have an average “Hold” rating with a $48.71 price target, and Rollins announced a quarterly dividend of $0.1825 per share.

Oppenheimer Asset Management Inc. acquired a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 126,873 shares of the business services provider's stock, valued at approximately $5,296,000.

Several other institutional investors also recently modified their holdings of ROL. National Pension Service grew 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 acquiring an additional 29,758 shares in the last quarter. Dudley & Shanley Inc. lifted its stake in Rollins by 8.8% during the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider's stock worth $20,689,000 after purchasing an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Rollins by 16.8% during the first quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider's stock worth $11,551,000 after purchasing an additional 31,173 shares during the last quarter. USS Investment Management Ltd boosted its holdings in shares of Rollins by 55.9% in the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider's stock worth $167,260,000 after purchasing an additional 1,123,237 shares in the last quarter. Finally, Bessemer Group Inc. increased its position 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 valued at $100,365,000 after purchasing an additional 794,722 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

NYSE:ROL opened at $36.23 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm's fifty day simple moving average is $42.34 and its 200 day simple moving average is $51.25. The stock has a market cap of $17.43 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 3.95 and a beta of 0.75. Rollins, Inc. has a twelve month low of $35.97 and a twelve month high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last issued 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 the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.30 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts predict that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

The firm 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 dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's payout ratio is 66.36%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a "buy" rating and set a $67.00 price target on shares of Rollins in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered shares of Rollins from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. UBS Group reaffirmed a "neutral" rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Finally, Sanford C. Bernstein cut shares of Rollins from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, Rollins has an average rating of "Hold" and an average target price of $48.71.

Rollins Company 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.

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