Cornerstone Advisors LLC Takes Position in Rollins, Inc. $ROL

Key Points

• Cornerstone Advisors LLC acquired 294,005 Rollins shares worth approximately $12.3 million, representing about 0.06% of the company. Institutional investors and hedge funds collectively own 51.79% of Rollins.
• Rollins recently reported quarterly revenue of $1.08 billion, up 7.9% year over year, but earnings per share of $0.32 fell short of the $0.34 analyst consensus. The stock opened at $35.97, near its 52-week low of $35.92.
• The company declared a quarterly dividend of $0.1825, equivalent to an annualized $0.73 and a 2.0% yield. Analysts have generally turned more cautious, with Rollins holding a consensus “Hold” rating and an average price target of $48.71.

Cornerstone Advisors LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 294,005 shares of the business services provider's stock, valued at approximately $12,272,000. Cornerstone Advisors LLC owned approximately 0.06% of Rollins at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROL. DV Equities LLC acquired a new position in Rollins during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its holdings in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider's stock worth $26,000 after purchasing an additional 354 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Rollins in the fourth quarter worth approximately $36,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Rollins in the fourth quarter worth approximately $43,000. Finally, Quarry LP lifted its holdings in shares of Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider's stock valued at $44,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Price Performance

Rollins stock opened at $35.97 on Tuesday. Rollins, Inc. has a 52 week low of $35.92 and a 52 week high of $66.14. The company's 50 day moving average price is $42.13 and its two-hundred day moving average price is $50.97. The stock has a market cap of $17.31 billion, a P/E ratio of 32.70, a P/E/G ratio of 3.95 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.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities analysts predict that Rollins, Inc. will post 1.19 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 is Monday, August 10th. Rollins's dividend payout ratio is 66.36%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ROL shares. 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. Wells Fargo & Company lowered Rollins from an "overweight" rating to an "underweight" rating and lowered their price target for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Canaccord Genuity Group set a $45.00 price objective on Rollins and gave the company a "hold" rating in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Rollins from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein lowered shares of Rollins from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of "Hold" and a consensus target price of $48.71.

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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