Quantbot Technologies LP Invests $3.78 Million in Rollins, Inc. $ROL

Key Points

• Quantbot Technologies LP acquired 90,563 Rollins shares worth approximately $3.78 million during the second quarter. Institutional investors and hedge funds collectively own 51.79% of the company.
• Rollins reported quarterly EPS of $0.32, below the $0.34 analyst consensus, while revenue rose 7.9% year over year to $1.08 billion. Shares opened at $36.86, near their 52-week low of $35.83.
• The company declared a quarterly dividend of $0.1825, or $0.73 annualized, representing a 2.0% yield. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $48.71 after several recent target cuts.

Quantbot Technologies LP bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,563 shares of the business services provider's stock, valued at approximately $3,780,000.

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

Rollins Trading Down 0.1%

Shares of NYSE ROL opened at $36.86 on Monday. The company's 50 day simple moving average is $41.25 and its 200 day simple moving average is $50.22. Rollins, Inc. has a fifty-two week low of $35.83 and a fifty-two week high of $66.14. The firm has a market capitalization of $17.73 billion, a P/E ratio of 33.51, 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 released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.Rollins's revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. On average, analysts predict that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's dividend payout ratio (DPR) is currently 66.36%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut shares of Rollins from an "overweight" rating to an "underweight" rating and dropped their price objective for the stock from $46.00 to $32.00 in a research report on Friday, July 24th. Weiss Ratings lowered Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Piper Sandler decreased their price objective on Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Bank of America reissued a "neutral" rating and issued a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Finally, Morgan Stanley dropped their target price on Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. One investment 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 company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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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