Nippon Life Global Investors Americas Inc. Invests $5.54 Million in Rollins, Inc. $ROL

Key Points

• Nippon Life Global Investors Americas acquired 132,700 Rollins shares worth approximately $5.54 million, while institutional investors collectively own 51.79% of the company.
• Rollins shares opened at $36.23, near their 12-month low of $35.97. Analysts have a consensus “Hold” rating and an average price target of $48.71 after several firms reduced targets or downgraded the stock.
• Rollins missed quarterly earnings and revenue estimates, reporting $0.32 EPS and $1.08 billion in revenue, though revenue increased 7.9% year over year. The company declared a quarterly dividend of $0.1825 per share, equivalent to a 2.0% yield.

Nippon Life Global Investors Americas Inc. bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 132,700 shares of the business services provider's stock, valued at approximately $5,539,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DV Equities LLC bought a new position in shares of Rollins in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC grew its position in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider's stock valued at $26,000 after acquiring an additional 354 shares during the period. Torren Management LLC acquired a new position in shares of Rollins during the 4th quarter worth about $36,000. Fideuram Asset Management Ireland dac acquired a new position in Rollins during the fourth quarter worth approximately $43,000. Finally, Quarry LP raised its stake in Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider's stock valued at $44,000 after buying an additional 450 shares during the period. 51.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley decreased their target price on Rollins from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Wednesday, July 8th. Piper Sandler dropped their price objective on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. BNP Paribas Exane decreased 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. Royal Bank Of Canada downgraded shares of Rollins from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. Finally, Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a "buy" rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned 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 an average price target of $48.71.

Rollins Stock Performance

NYSE ROL opened at $36.23 on Monday. The firm has a 50-day moving average price of $42.34 and a two-hundred day moving average price of $51.16. Rollins, Inc. has a 12-month low of $35.97 and a 12-month high of $66.14. The company has a market capitalization of $17.43 billion, a P/E ratio of 32.93, a P/E/G ratio of 3.95 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's dividend 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.

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