Jupiter Topco LLC Makes New $1.43 Million Investment in Rollins, Inc. $ROL

Key Points

• Jupiter Topco LLC acquired 34,219 shares of Rollins worth approximately $1.43 million in the second quarter. Institutional investors and hedge funds collectively own 51.79% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $48.71, despite several recent target-price reductions.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but earnings of $0.32 per share missed estimates. The company declared a quarterly dividend of $0.1825, equivalent to a 2.0% annual yield.

Jupiter Topco LLC bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,219 shares of the business services provider's stock, valued at approximately $1,428,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in shares of Rollins during the 2nd quarter worth approximately $34,790,000. PDT Partners LLC purchased a new position in Rollins in the second quarter valued at approximately $3,213,000. Canada Pension Plan Investment Board bought a new position in Rollins during the second quarter valued at $15,021,000. Element Capital Management LLC bought a new position in Rollins during the second quarter valued at $538,000. Finally, Legal & General Group Plc purchased a new stake in Rollins in the second quarter worth $84,181,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings cut Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Morgan Stanley cut their target price on shares of Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. UBS Group reissued a "neutral" rating and issued a $43.00 price target (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane cut their price objective on shares of Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $48.71.

Rollins Stock Up 0.4%

Shares of NYSE ROL opened at $35.84 on Friday. 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 business has a 50-day moving average of $39.53 and a 200-day moving average of $48.43. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 3.84 and a beta of 0.74. Rollins, Inc. has a 12 month low of $35.25 and a 12 month high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last issued 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 return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company earned $0.30 EPS. Rollins's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts expect that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.0%. Rollins's payout ratio is presently 66.36%.

Rollins Company Profile

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.

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.