Bamco Inc. NY Purchases New Stake in Rollins, Inc. $ROL

Bamco Inc. NY purchased a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,003,324 shares of the business services provider's stock, valued at approximately $41,879,000. Bamco Inc. NY owned 0.21% of Rollins at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Rollins by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider's stock valued at $1,663,000 after buying an additional 1,620 shares in the last quarter. Empowered Funds LLC increased its holdings in Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider's stock valued at $347,000 after purchasing an additional 918 shares during the period. Woodline Partners LP raised its position in Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider's stock worth $1,282,000 after purchasing an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after purchasing an additional 375 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Rollins by 185.0% during the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider's stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings lowered Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a "hold" rating in a research note on Thursday, July 23rd. Argus lowered Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, Citigroup initiated coverage on Rollins in a research note on Wednesday, July 15th. They set a "neutral" rating and a $46.00 price target for the company. 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 company currently has a consensus rating of "Hold" and a consensus price target of $48.71.

Rollins Price Performance

ROL opened at $36.70 on Thursday. Rollins, Inc. has a twelve month low of $35.83 and a twelve month high of $66.14. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 3.98 and a beta of 0.75. 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 has a 50-day moving average price of $40.68 and a 200-day moving average price of $49.65.

Rollins (NYSE:ROL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. Equities analysts expect that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins's dividend payout ratio (DPR) is currently 66.36%.

About Rollins

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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