NewEdge Wealth LLC Acquires Shares of 65,783 Rollins, Inc. $ROL

Key Points

• NewEdge Wealth acquired 65,783 Rollins shares during the second quarter, valued at approximately $2.75 million. Institutional investors collectively own 51.79% of the company.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but EPS of $0.32 fell short of the $0.34 consensus estimate. Shares opened at $36.31, near their 52-week low of $35.83.
• The company declared a quarterly dividend of $0.1825, equivalent to $0.73 annually and a 2.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $48.71.

NewEdge Wealth LLC bought 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. The institutional investor bought 65,783 shares of the business services provider's stock, valued at approximately $2,746,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC grew its position in shares of Rollins by 8.7% during the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider's stock worth $138,000 after buying an additional 183 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Rollins by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider's stock worth $874,000 after purchasing an additional 183 shares during the period. IFM Investors Pty Ltd lifted its stake in Rollins by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider's stock valued at $3,092,000 after buying an additional 185 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Rollins by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider's stock valued at $773,000 after acquiring an additional 200 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Rollins by 3.9% during the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider's stock worth $328,000 after acquiring an additional 203 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Trading Up 0.1%

Shares of Rollins stock opened at $36.31 on Friday. Rollins, Inc. has a fifty-two week low of $35.83 and a fifty-two week high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $41.45 and a 200-day simple moving average of $50.41. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 3.96 and a beta of 0.75.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 dividend on an annualized basis and a dividend yield of 2.0%. Rollins's dividend payout ratio (DPR) is 66.36%.

Analysts Set New Price Targets

Several analysts recently weighed in on ROL shares. Bank of America reiterated a "neutral" rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. BNP Paribas Exane dropped their price target on shares of Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. Barclays set a $45.00 price target on Rollins and gave the company an "overweight" rating in a report on Friday, July 24th. Raymond James Financial set a $35.00 price objective on Rollins in a research report on Thursday, July 23rd. Finally, Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the stock a "buy" rating in a report on Monday, April 27th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of "Hold" and an average target price of $48.71.

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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