Bank of New York Mellon Corp Takes Position in Rollins, Inc. $ROL

Bank of New York Mellon Corp acquired a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,581,044 shares of the business services provider's stock, valued at approximately $65,993,000. Bank of New York Mellon Corp owned about 0.33% of Rollins at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LRI Investments LLC increased its position in Rollins by 8.7% during the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider's stock worth $138,000 after buying an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Rollins by 1.1% in the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider's stock worth $874,000 after buying an additional 183 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of Rollins by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider's stock worth $3,092,000 after buying an additional 185 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Rollins by 1.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider's stock worth $773,000 after acquiring an additional 200 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Rollins by 3.9% during the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider's stock worth $328,000 after acquiring an additional 203 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 0.9%

Shares of Rollins stock opened at $36.70 on Thursday. Rollins, Inc. has a 1 year low of $35.83 and a 1 year high of $66.14. The company's fifty day simple moving average is $40.68 and its 200-day simple moving average is $49.65. The company has a market cap 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 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 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). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. Rollins's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins's payout ratio is presently 66.36%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent analyst reports. Piper Sandler cut their price objective on Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Bank of America reaffirmed a "neutral" rating and set a $35.00 target price (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. UBS Group reiterated a "neutral" rating and set a $43.00 price target (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Wells Fargo & Company lowered shares of Rollins from an "overweight" rating to an "underweight" rating and dropped their price target for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Finally, BNP Paribas Exane reduced their price objective on shares of Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus 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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