Public Employees Retirement System of Ohio Acquires Shares of 92,808 Rollins, Inc. $ROL

Key Points

• Public Employees Retirement System of Ohio acquired 92,808 Rollins shares worth approximately $3.87 million, while 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 the $0.34 analyst consensus. The stock opened at $35.65, near its 12-month low.
• The company announced a quarterly dividend of $0.1825 per share, equivalent to an annualized $0.73 dividend and a 2.0% yield. Analysts remain cautious, with the stock carrying an average “Hold” rating and a $48.71 price target.

Public Employees Retirement System of Ohio bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 92,808 shares of the business services provider's stock, valued at approximately $3,874,000.

Other large investors have also made changes to their positions in the company. National Pension Service raised its position in shares of Rollins by 138.3% during the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider's stock valued at $3,078,000 after acquiring an additional 29,758 shares during the last quarter. Dudley & Shanley Inc. grew its stake in shares of Rollins by 8.8% during the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider's stock worth $20,689,000 after purchasing an additional 39,925 shares during the period. USS Investment Management Ltd increased its holdings in Rollins by 55.9% in the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider's stock valued at $167,260,000 after purchasing an additional 1,123,237 shares during the last quarter. Bessemer Group Inc. lifted its stake in Rollins by 73.3% in the first quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider's stock valued at $100,365,000 after buying an additional 794,722 shares during the period. Finally, Danske Bank A S bought a new position in Rollins during the second quarter worth about $61,792,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Down 0.2%

NYSE:ROL opened at $35.65 on Friday. Rollins, Inc. has a twelve month low of $35.47 and a twelve month high of $66.14. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. 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 stock's 50 day moving average price is $39.67 and its two-hundred day moving average price is $48.52.

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

Rollins Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROL shares. Citigroup assumed coverage on shares of Rollins in a report on Wednesday, July 15th. They set a "neutral" rating and a $46.00 price objective for the company. Argus downgraded Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Sanford C. Bernstein lowered shares of Rollins from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. BNP Paribas Exane reduced their target price 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. Finally, Piper Sandler decreased their target price on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. 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 given a Sell rating to the company. According to MarketBeat.com, Rollins has an average rating of "Hold" and an average price target of $48.71.

Rollins 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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