Ethic Inc. Has $2.74 Million Stake in Rollins, Inc. $ROL

Key Points

• Ethic Inc. increased its stake in Rollins, Inc. by 18.8% during the 2nd quarter, owning a total of 48,788 shares valued at $2.74 million.
• Analysts have mixed opinions on Rollins, with Zacks Research lowering its rating from "strong-buy" to "hold", while Weiss Ratings maintains a "buy" rating.
• Rollins reported a 12.1% year-over-year increase in revenue, with earnings per share coming in at $0.30, exceeding analysts' expectations of $0.29.

Ethic Inc. raised its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,788 shares of the business services provider's stock after buying an additional 7,720 shares during the period. Ethic Inc.'s holdings in Rollins were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ROL. GAMMA Investing LLC increased its holdings in shares of Rollins by 21.5% during the first quarter. GAMMA Investing LLC now owns 9,729 shares of the business services provider's stock worth $526,000 after buying an additional 1,722 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Rollins during the first quarter worth approximately $464,000. Transcend Capital Advisors LLC increased its holdings in shares of Rollins by 81.8% in the first quarter. Transcend Capital Advisors LLC now owns 38,747 shares of the business services provider's stock valued at $2,094,000 after purchasing an additional 17,436 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Rollins by 12.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,038 shares of the business services provider's stock valued at $1,859,000 after purchasing an additional 3,866 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Rollins by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,095,671 shares of the business services provider's stock valued at $59,561,000 after purchasing an additional 95,626 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROL shares. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Rollins in a report on Tuesday, October 14th. UBS Group raised their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Piper Sandler raised their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Barclays raised their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.18.

Rollins Price Performance

Shares of ROL stock opened at $56.65 on Friday. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12. The stock has a market cap of $27.45 billion, a PE ratio of 56.09 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The firm's 50 day moving average price is $56.91 and its two-hundred day moving average price is $56.62.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. During the same period last year, the firm earned $0.27 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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