California State Teachers Retirement System Purchases 20,508,985 Shares of Rollins, Inc. $ROL

Key Points

• California State Teachers Retirement System dramatically increased its Rollins stake by purchasing 20.5 million shares in the second quarter, bringing its holdings to 20.9 million shares valued at approximately $873.1 million, or 4.35% of the company.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but missed analyst estimates for both revenue and earnings per share. The stock opened near its 52-week low at $34.70 and remains below its 50-day and 200-day moving averages.
• The company pays a quarterly dividend of $0.1825, equivalent to an annualized yield of about 2.1%. Analysts maintain a consensus “Hold” rating, with a target price of $48.71 amid sharply varying outlooks.

California State Teachers Retirement System raised its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5,022.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,917,333 shares of the business services provider's stock after purchasing an additional 20,508,985 shares during the period. California State Teachers Retirement System owned approximately 4.35% of Rollins worth $873,089,000 at the end of the most recent reporting period.

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

Rollins Price Performance

Shares of NYSE ROL opened at $34.70 on Monday. Rollins, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $66.14. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 3.74 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The firm's 50-day simple moving average is $38.76 and its 200 day simple moving average is $47.46.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data 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). 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 the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.30 earnings per share. Rollins's revenue was up 7.9% on a year-over-year basis. As a group, research analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, August 10th. Rollins's payout ratio is presently 66.36%.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of research analyst reports. Raymond James Financial set a $35.00 price target on shares of Rollins in a research report on Thursday, July 23rd. Barclays set a $45.00 price objective on Rollins and gave the stock an "overweight" rating in a research report on Friday, July 24th. Bank of America restated 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. BNP Paribas Exane decreased their target price on Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Finally, Zacks Research downgraded Rollins from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. One 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $48.71.

Trending Headlines about Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: An investment article describes Rollins as a high-quality, recurring-revenue business whose valuation has become more attractive after the stock’s recent decline. The thesis highlights the essential nature of pest-control services and the company’s potential as a long-term compounder. Rollins: A Great Business At A Much Better Price
• Positive Sentiment: Rollins was included among “boring” dividend stocks with durable customer demand. The article’s focus on recurring services and dependable dividend growth may support the stock’s defensive appeal to income-oriented investors. 5 Dividend Stocks Hiding in Boring Businesses Customers Cannot Live Without
• Neutral Sentiment: The broader investment commentary reinforces Rollins’ defensive-business narrative, but it does not provide new earnings guidance, acquisition news, or other immediate financial information likely to materially change estimates. These 5 Boring Stocks Are Quietly Crushing the Market and Making Investors Rich
• Negative Sentiment: The stock remains vulnerable to valuation and execution concerns: Rollins previously missed quarterly EPS and revenue expectations, while its share price is well below its 50-day and 200-day moving averages and near its annual low. These factors may limit the impact of favorable long-term commentary.

Rollins Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.