438,491 Shares in Rollins, Inc. $ROL Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 438,491 Rollins shares worth approximately $18.3 million, giving it a 0.09% stake. Institutional investors collectively own 51.79% of the company.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $48.71; several firms recently lowered their targets or downgraded the stock.
• Rollins reported quarterly revenue of $1.08 billion and EPS of $0.32, slightly missing estimates, while revenue rose 7.9% year over year. The company also announced a quarterly dividend of $0.1825 per share, equivalent to a 2.0% annualized yield.

Corient Private Wealth LP acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 438,491 shares of the business services provider's stock, valued at approximately $18,303,000. Corient Private Wealth LP owned approximately 0.09% of Rollins at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ROL. BlackRock Inc. bought a new stake in shares of Rollins during the second quarter valued at approximately $1,204,334,000. State Street Corp grew its stake in Rollins by 4.7% in the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider's stock worth $771,279,000 after purchasing an additional 575,946 shares in the last quarter. Geode Capital Management LLC increased its holdings in Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider's stock worth $608,256,000 after purchasing an additional 626,866 shares during the period. Invesco Ltd. increased its holdings in Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider's stock worth $365,473,000 after purchasing an additional 461,869 shares during the period. Finally, Norges Bank bought a new stake in Rollins during the 4th quarter valued at $244,669,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROL. Citigroup started coverage on Rollins in a report on Wednesday, July 15th. They issued a "neutral" rating and a $46.00 target price for the company. Bank of America restated a "neutral" rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Wells Fargo & Company lowered shares of Rollins from an "overweight" rating to an "underweight" rating and lowered their price objective for the stock from $46.00 to $32.00 in a research note on Friday, July 24th. Piper Sandler cut their target price on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Finally, Morgan Stanley reduced their price target on shares of Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $48.71.

Rollins Stock Up 1.4%

Shares of NYSE ROL opened at $36.43 on Friday. Rollins, Inc. has a 12-month low of $35.81 and a 12-month high of $66.14. The stock's fifty day simple moving average is $40.33 and its two-hundred day simple moving average is $49.36. The stock has a market capitalization of $17.53 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.94 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.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, analysts expect that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

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

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