Korea Investment CORP Makes New Investment in Rollins, Inc. $ROL

Key Points

• Korea Investment CORP acquired 170,894 Rollins shares during the second quarter, valued at approximately $7.1 million. Institutional investors and hedge funds collectively own 51.79% of the company.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but earnings of $0.32 per share fell short of analyst expectations of $0.34. The stock opened at $37.27, near its one-year low of $35.83.
• The company declared a quarterly dividend of $0.1825 per share, equating to an annualized $0.73 dividend and a 2.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $48.71.

Korea Investment CORP acquired a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 170,894 shares of the business services provider's stock, valued at approximately $7,133,000.

Other institutional investors have also recently bought and sold shares of the company. DV Equities LLC bought a new position in Rollins during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its stake in Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider's stock valued at $26,000 after purchasing an additional 354 shares in the last quarter. Torren Management LLC acquired a new stake in Rollins in the fourth quarter worth $36,000. Fideuram Asset Management Ireland dac acquired a new stake in Rollins in the fourth quarter worth $43,000. Finally, Quarry LP boosted its position in shares of Rollins by 155.2% during 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. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Performance

Shares of ROL stock opened at $37.27 on Tuesday. The company has a fifty day moving average price of $41.06 and a two-hundred day moving average price of $50.04. Rollins, Inc. has a one year low of $35.83 and a one year high of $66.14. The stock has a market cap of $17.93 billion, a P/E ratio of 33.88, a P/E/G ratio of 4.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates 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 firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. As a group, equities analysts predict that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins's dividend payout ratio (DPR) is currently 66.36%.

Wall Street Analyst Weigh In

ROL has been the subject of a number of research analyst reports. Barclays set a $45.00 target price on Rollins and gave the company an "overweight" rating in a research note on Friday, July 24th. Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the company a "buy" rating in a report on Monday, April 27th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the stock a "hold" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. restated an "underweight" rating and set a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Finally, Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.71.

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.

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