JLB & Associates Inc. Purchases Shares of 318,701 Rollins, Inc. $ROL

Key Points

• JLB & Associates acquired 318,701 Rollins shares worth approximately $13.3 million, representing 1.8% of its portfolio and 0.07% of Rollins. Institutional investors collectively owned 51.79% of the company.
• Analyst sentiment was mixed but leaned cautious: Rollins had an average “Hold” rating and a $48.71 price target, while several firms lowered their targets and Zacks Research downgraded the stock to “Strong Sell.”
• Rollins shares opened at $36.38, near the company’s 52-week low, after quarterly EPS and revenue slightly missed estimates. The company declared a quarterly dividend of $0.1825 per share, equal to a 2.0% annualized yield.

JLB & Associates Inc. purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 318,701 shares of the business services provider's stock, valued at approximately $13,303,000. Rollins accounts for approximately 1.8% of JLB & Associates Inc.'s holdings, making the stock its 23rd biggest holding. JLB & Associates Inc. owned 0.07% of Rollins at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cornerstone Advisors LLC acquired a new stake in shares of Rollins during the second quarter worth $12,272,000. BlackRock Inc. acquired a new position in Rollins in the 2nd quarter worth $1,204,334,000. Deutsche Bank AG acquired a new position in Rollins in the 2nd quarter worth $60,657,000. Perigon Wealth Management LLC bought a new position in Rollins during the 2nd quarter worth about $207,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Rollins during the 2nd quarter worth about $29,978,000. Institutional investors own 51.79% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ROL shares. Piper Sandler dropped their price target on Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Morgan Stanley decreased their price objective on Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Wednesday, July 8th. UBS Group reissued a "neutral" rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Zacks Research cut Rollins from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, BNP Paribas Exane reduced their price target on Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, July 24th. One investment 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 issued a Sell rating to the company's stock. According to MarketBeat, Rollins presently has an average rating of "Hold" and an average price target of $48.71.

Rollins Price Performance

Shares of ROL opened at $36.38 on Wednesday. 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's fifty day simple moving average is $41.90 and its 200 day simple moving average is $50.78. Rollins, Inc. has a 1-year low of $35.83 and a 1-year high of $66.14. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.95 and a beta of 0.75.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued 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 2.0%. Rollins's dividend payout ratio (DPR) is presently 66.36%.

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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