PDT Partners LLC Purchases New Stake in Rollins, Inc. $ROL

Key Points

• PDT Partners acquired 76,975 shares of Rollins in the second quarter, worth approximately $3.2 million. Institutional investors and hedge funds collectively own 51.79% of the company.
• Analyst sentiment is broadly cautious: Rollins has an average “Hold” rating and a consensus price target of $48.71, while several firms recently downgraded the stock or reduced their targets.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but missed earnings expectations with $0.32 in EPS versus the $0.34 consensus. The company declared a quarterly dividend of $0.1825 per share, equivalent to a 2.0% annualized yield.

PDT Partners LLC acquired a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 76,975 shares of the business services provider's stock, valued at approximately $3,213,000.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider's stock valued at $1,663,000 after purchasing an additional 1,620 shares during the period. Empowered Funds LLC lifted its position in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider's stock worth $347,000 after purchasing an additional 918 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider's stock worth $1,282,000 after purchasing an additional 6,859 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after purchasing an additional 375 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Rollins by 185.0% during the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider's stock worth $20,803,000 after purchasing an additional 239,361 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Rollins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. Weiss Ratings lowered Rollins from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. BNP Paribas Exane reduced their price objective on Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, Royal Bank Of Canada downgraded Rollins from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.71.

Rollins Trading Up 0.9%

Shares of NYSE:ROL opened at $36.70 on Thursday. The stock has a market capitalization of $17.66 billion, a PE ratio of 33.36, a P/E/G ratio of 3.98 and a beta of 0.75. Rollins, Inc. has a 1 year low of $35.83 and a 1 year high of $66.14. The firm has a fifty day moving average price of $40.68 and a 200 day moving average price of $49.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

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

Rollins Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.0%. Rollins's dividend payout ratio is currently 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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