VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $7.81 Million Investment in Rollins, Inc. $ROL

Key Points

• Virginia Retirement Systems acquired 187,037 Rollins shares worth approximately $7.81 million in the second quarter, while institutional investors collectively own 51.79% of the company.
• Analyst sentiment is cautious: Rollins has an average rating of “Hold” and a consensus price target of $48.71, with several firms recently lowering ratings or price targets.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but missed earnings estimates with EPS of $0.32 versus the $0.34 consensus. The company also declared a quarterly dividend of $0.1825 per share, representing a 2.1% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 187,037 shares of the business services provider's stock, valued at approximately $7,807,000.

A number of other institutional investors have also modified their holdings of the stock. DV Equities LLC acquired a new position in Rollins in the fourth quarter worth about $25,000. Raiffeisen Bank International AG raised its stake 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 buying an additional 272 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new position in Rollins during the 4th quarter worth approximately $43,000. Quarry LP lifted its holdings in Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider's stock worth $44,000 after buying an additional 450 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Rollins by 47.3% in the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider's stock worth $47,000 after acquiring an additional 251 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Analyst Upgrades and Downgrades

ROL has been the topic of several research reports. Argus lowered 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 report on Thursday, July 23rd. Zacks Research downgraded shares of Rollins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Sanford C. Bernstein downgraded shares of Rollins from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $70.00 to $52.00 in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Rollins currently has an average rating of "Hold" and an average target price of $48.71.

Rollins Price Performance

Shares of NYSE ROL opened at $34.99 on Wednesday. Rollins, Inc. has a 1-year low of $34.95 and a 1-year high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The business's fifty day moving average price is $39.26 and its two-hundred day moving average price is $48.01. The firm has a market capitalization of $16.84 billion, a PE ratio of 31.81, a P/E/G ratio of 3.86 and a beta of 0.74.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion for 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 business's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, research analysts expect that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 10th. Rollins's payout ratio is presently 66.36%.

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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