California State Teachers Retirement System Acquires 92,786 Shares of Rollins, Inc. $ROL

Key Points

• California State Teachers Retirement System increased its Rollins stake by 22.7% in the second quarter, purchasing 92,786 additional shares and bringing its holdings to 501,134 shares worth approximately $20.9 million.
• Rollins shares fell to $33.95, near their 52-week low, after the company reported quarterly EPS of $0.32—below the $0.34 analyst consensus—despite revenue increasing 7.9% year over year to $1.08 billion.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $48.71 price target. Rollins also maintains a quarterly dividend of $0.1825 per share, equivalent to a 2.2% yield.

California State Teachers Retirement System lifted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 501,134 shares of the business services provider's stock after buying an additional 92,786 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Rollins worth $20,917,333 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. HB Wealth Management LLC lifted its stake in Rollins by 2.2% during the 2nd quarter. HB Wealth Management LLC now owns 27,719 shares of the business services provider's stock worth $1,157,000 after acquiring an additional 593 shares in the last quarter. Saudi Central Bank grew its position in shares of Rollins by 88.6% during the second quarter. Saudi Central Bank now owns 20,243 shares of the business services provider's stock worth $845,000 after buying an additional 9,510 shares in the last quarter. AlphaGrep UK Ltd bought a new position in Rollins in the 2nd quarter worth about $284,000. Raiffeisen Bank International AG boosted its stake in Rollins by 73.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider's stock worth $27,000 after purchasing an additional 272 shares during the period. Finally, Syon Capital LLC acquired a new stake in shares of Rollins in the second quarter worth about $299,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

NYSE ROL traded down $1.36 during midday trading on Tuesday, hitting $33.95. The company had a trading volume of 2,439,860 shares, compared to its average volume of 3,965,430. The firm has a fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $47.28. 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 stock has a market cap of $16.33 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 3.74 and a beta of 0.74. Rollins, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $66.14.

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 analysts' consensus estimates of $0.34 by ($0.02). The business 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. Equities analysts forecast that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 10th. Rollins's payout ratio is presently 66.36%.

Analyst Ratings Changes

A number of analysts recently issued reports on ROL shares. Barclays set a $45.00 target price on Rollins and gave the stock an "overweight" rating in a research note on Friday, July 24th. Zacks Research downgraded Rollins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. BNP Paribas Exane dropped their price objective on Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company downgraded shares of Rollins from an "overweight" rating to an "underweight" rating and cut their price target for the company from $46.00 to $32.00 in a report on Friday, July 24th. Finally, Piper Sandler reduced their price objective on Rollins from $72.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Rollins has a consensus rating of "Hold" and a consensus price target of $48.71.

About Rollins

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.

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