Engineers Gate Manager LP Buys Shares of 357,175 Rollins, Inc. $ROL

Key Points

• Engineers Gate Manager LP acquired 357,175 Rollins shares worth approximately $14.9 million, representing 0.07% of the company. Institutional investors collectively own 51.79% of Rollins.
• Analysts have reduced their price targets following Rollins’s quarterly results, which missed estimates with EPS of $0.32 versus $0.34 expected and revenue of $1.08 billion versus $1.09 billion. The stock carries a consensus “Hold” rating and an average target of $48.71.
• Rollins shares opened at $34.52, near their 52-week low of $34.35, while the company maintained a quarterly dividend of $0.1825 per share, equivalent to a 2.1% annual yield.

Engineers Gate Manager LP purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 357,175 shares of the business services provider's stock, valued at approximately $14,908,000. Engineers Gate Manager LP owned 0.07% of Rollins at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. DV Equities LLC bought a new stake in Rollins during the fourth quarter valued at about $25,000. Raiffeisen Bank International AG grew its stake in Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider's stock valued at $27,000 after purchasing an additional 272 shares during the last quarter. Westpac Banking Corp bought a new position in Rollins in the second quarter worth about $42,000. Fideuram Asset Management Ireland dac bought a new position in Rollins in the fourth quarter worth about $43,000. Finally, Quarry LP raised its holdings in 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 purchasing an additional 450 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Rollins from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, July 8th. Piper Sandler reduced their price objective on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Bank of America reiterated a "neutral" rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. BNP Paribas Exane decreased their target price on shares of Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, UBS Group restated a "neutral" rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Rollins currently has an average rating of "Hold" and an average price target of $48.71.

Rollins Price Performance

Shares of NYSE:ROL opened at $34.52 on Thursday. Rollins, Inc. has a twelve month low of $34.35 and a twelve month high of $66.14. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The company has a market cap of $16.61 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The company's 50 day moving average is $39.11 and its 200 day moving average is $47.83.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.30 earnings per share. On average, sell-side analysts forecast that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.1%. Rollins's payout ratio is currently 66.36%.

Rollins Company 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.