Allianz Asset Management GmbH Has $6.19 Million Stock Position in Rollins, Inc. $ROL

Key Points

• Allianz Asset Management GmbH increased its stake in Rollins, Inc. by 181.3%, owning 109,715 shares worth $6.19 million after purchasing an additional 70,715 shares in Q2.
• Rollins, Inc. reported earnings per share of $0.30 for the last quarter, beating expectations and showing a 12.1% revenue increase year-over-year.
• Analysts have a "Moderate Buy" rating on Rollins with an average target price of $62.18, with several firms adjusting their price targets upward recently.

Allianz Asset Management GmbH boosted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 181.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,715 shares of the business services provider's stock after buying an additional 70,715 shares during the quarter. Allianz Asset Management GmbH's holdings in Rollins were worth $6,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Rollins in the 2nd quarter valued at approximately $77,000. Oppenheimer & Co. Inc. bought a new position in Rollins in the 1st quarter valued at approximately $464,000. QRG Capital Management Inc. boosted its position in Rollins by 7.0% in the second quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider's stock valued at $495,000 after buying an additional 572 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in shares of Rollins during the second quarter worth $256,000. Finally, Select Equity Group L.P. bought a new stake in shares of Rollins during the first quarter worth $27,398,000. Institutional investors own 51.79% of the company's stock.

Rollins Trading Up 0.5%

NYSE ROL opened at $56.61 on Thursday. The firm has a market capitalization of $27.43 billion, a PE ratio of 56.05 and a beta of 0.69. The business's 50-day moving average price is $56.94 and its two-hundred day moving average price is $56.54. 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 12 month low of $45.34 and a 12 month high of $59.12.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ROL. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Piper Sandler increased their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. UBS Group lifted their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. 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. Finally, Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and an average target price of $62.18.

Rollins Company 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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