BlackRock Inc. purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,853,231 shares of the business services provider's stock, valued at approximately $1,204,334,000. BlackRock Inc. owned 6.00% of Rollins as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. DV Equities LLC bought a new stake in Rollins in the fourth quarter worth $25,000. Cornerstone Planning Group LLC grew its position in Rollins by 528.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider's stock valued at $26,000 after buying an additional 354 shares during the period. Torren Management LLC bought a new stake in Rollins during the fourth quarter valued at about $36,000. Fideuram Asset Management Ireland dac purchased a new position in Rollins during the fourth quarter valued at approximately $43,000. Finally, Quarry LP boosted its stake in shares of Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider's stock worth $44,000 after acquiring an additional 450 shares during the period. Institutional investors own 51.79% of the company's stock.
Rollins Stock Up 1.3%
ROL stock opened at $36.86 on Friday. The company has a market capitalization of $17.74 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 3.97 and a beta of 0.75. Rollins, Inc. has a 12 month low of $35.83 and a 12 month high of $66.14. The firm's fifty day simple moving average is $41.25 and its 200-day simple moving average is $50.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.
Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.Rollins's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, equities research analysts forecast that Rollins, Inc. will post 1.19 earnings per share for the current year.
Rollins Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's dividend payout ratio (DPR) is currently 66.36%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Rollins from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 8th. 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 note on Thursday, July 23rd. Weiss Ratings cut shares of Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Piper Sandler dropped their price objective on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Finally, Canaccord Genuity Group set a $45.00 target price on shares of Rollins and gave the company a "hold" rating in a research report on Thursday, July 23rd. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.71.
Read Our Latest Analysis on ROL
Rollins Profile
(
Free Report)
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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