15,500 Shares in Rollins, Inc. $ROL Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• The Virginia Retirement Systems purchased 15,500 shares of Rollins, Inc. for approximately $875,000, indicating strong institutional interest in the stock.
• Analysts have set new price targets for Rollins, with Barclays raising their target from $55.00 to $60.00, reflecting positive sentiment in the market.
• Rollins reported a quarterly earnings per share of $0.30, surpassing analysts' expectations and showing a 12.1% increase in revenue compared to the previous year.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,500 shares of the business services provider's stock, valued at approximately $875,000.

Several other institutional investors and hedge funds have also bought and sold shares of ROL. GAMMA Investing LLC raised its holdings in Rollins by 21.5% during the first quarter. GAMMA Investing LLC now owns 9,729 shares of the business services provider's stock worth $526,000 after acquiring an additional 1,722 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Rollins during the first quarter worth about $439,000. Oppenheimer & Co. Inc. bought a new stake in Rollins during the first quarter worth about $464,000. Asset Management One Co. Ltd. raised its stake in Rollins by 3.0% in the first quarter. Asset Management One Co. Ltd. now owns 313,295 shares of the business services provider's stock valued at $16,842,000 after buying an additional 9,209 shares during the period. Finally, Transcend Capital Advisors LLC raised its stake in Rollins by 81.8% in the first quarter. Transcend Capital Advisors LLC now owns 38,747 shares of the business services provider's stock valued at $2,094,000 after buying an additional 17,436 shares during the period. Institutional investors own 51.79% of the company's stock.

Analysts Set New Price Targets

ROL has been the topic of several research analyst reports. Barclays upped their price objective on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler upped their price objective on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group upped their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Rollins in a research note on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.18.

Rollins Price Performance

Shares of NYSE ROL opened at $56.83 on Friday. The firm has a market cap of $27.54 billion, a P/E ratio of 56.27 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The business's 50 day moving average is $56.93 and its 200-day moving average is $56.58.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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