State Street Corp Acquires 488,046 Shares of Rollins, Inc. $ROL

Key Points

• State Street increased its Rollins stake by 3.7% in the second quarter, acquiring 488,046 shares and bringing its holdings to 13.56 million shares worth approximately $566 million. Institutional investors and hedge funds own 51.79% of Rollins.
• Rollins shares were trading at $32.45, near their one-year low of $31.88, after declining 1.3%. The company’s latest quarterly results missed analyst expectations, although revenue increased 7.9% year over year to $1.08 billion.
• Rollins paid a quarterly dividend of $0.1825 per share, equivalent to an annualized $0.73 dividend and a 2.2% yield. Analysts have a consensus “Hold” rating and an average price target of $47.94.

State Street Corp raised its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,561,228 shares of the business services provider's stock after acquiring an additional 488,046 shares during the quarter. State Street Corp owned about 2.82% of Rollins worth $566,046,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Raiffeisen Bank International AG grew its holdings in Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider's stock valued at $27,000 after purchasing an additional 272 shares during the period. Westpac Banking Corp bought a new stake in Rollins during the 2nd quarter worth approximately $42,000. Fideuram Asset Management Ireland dac bought a new stake in Rollins during the 4th quarter worth approximately $43,000. Root Financial Partners LLC raised its holdings in Rollins by 47.3% during the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider's stock worth $47,000 after buying an additional 251 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in Rollins by 121.6% during the 4th quarter. Hantz Financial Services Inc. now owns 820 shares of the business services provider's stock worth $49,000 after buying an additional 450 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Down 1.3%

Shares of NYSE:ROL opened at $32.45 on Thursday. The company's 50-day moving average price is $37.00 and its two-hundred day moving average price is $45.97. 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, Inc. has a one year low of $31.88 and a one year high of $66.14. The stock has a market capitalization of $15.61 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.53 and a beta of 0.74.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company 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 posted $0.30 EPS. Rollins's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.2%. Rollins's payout ratio is 66.36%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROL. Sanford C. Bernstein cut shares of Rollins from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $70.00 to $52.00 in a report on Friday, May 29th. Argus cut shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Raymond James Financial set a $35.00 target price on shares of Rollins in a research note on Thursday, July 23rd. Zacks Research cut Rollins from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Finally, BNP Paribas Exane dropped their price target on Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Rollins currently has a consensus rating of "Hold" and a consensus price target of $47.94.

Rollins Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.