Tidal Investments LLC Cuts Stock Position in Rollins, Inc. $ROL

Key Points

• Tidal Investments cut its Rollins position by 74.5% in the second quarter, selling 168,665 shares and retaining 57,842 shares valued at approximately $2.4 million. Institutional investors collectively own 51.79% of Rollins.
• Analyst sentiment is cautious: Rollins has an average “Hold” rating and a $48.71 consensus price target, while several firms recently lowered ratings or price targets, including Wells Fargo’s downgrade to “Underweight” with a $32 target.
• Rollins shares opened at $33.82, near their 52-week low, after the company missed quarterly earnings and revenue estimates despite 7.9% year-over-year revenue growth. The company maintains a quarterly dividend of $0.1825 per share, yielding about 2.2% annually.

Tidal Investments LLC decreased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 74.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,842 shares of the business services provider's stock after selling 168,665 shares during the period. Tidal Investments LLC's holdings in Rollins were worth $2,414,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROL. BlackRock Inc. acquired a new position in Rollins in the 2nd quarter valued at about $1,204,334,000. Norges Bank acquired a new stake in shares of Rollins during the fourth quarter worth about $244,669,000. Legal & General Group Plc acquired a new stake in shares of Rollins during the second quarter worth about $84,181,000. Pictet Asset Management Holding SA lifted its position in shares of Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider's stock worth $155,335,000 after purchasing an additional 1,899,515 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Rollins in the second quarter valued at approximately $65,993,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ROL shares. Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the company a "hold" rating in a report on Thursday, July 23rd. Zacks Research lowered shares of Rollins from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Wells Fargo & Company cut shares of Rollins from an "overweight" rating to an "underweight" rating and decreased their price target for the company from $46.00 to $32.00 in a research report on Friday, July 24th. Piper Sandler dropped their price target on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Finally, UBS Group reaffirmed a "neutral" rating and set a $43.00 price objective (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $48.71.

Rollins Stock Performance

Shares of ROL opened at $33.82 on Wednesday. The stock has a 50-day simple moving average of $38.41 and a 200-day simple moving average of $47.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a market capitalization of $16.27 billion, a PE ratio of 30.74, a PEG ratio of 3.80 and a beta of 0.74. Rollins, Inc. has a 1 year low of $33.75 and a 1 year high of $66.14.

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 for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

About Rollins

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.

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