Visionary Wealth Advisors purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 65,961 shares of the business services provider's stock, valued at approximately $2,753,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. BlackRock Inc. purchased a new stake in shares of Rollins in the 2nd quarter valued at approximately $1,204,334,000. Norges Bank purchased a new stake in shares of Rollins during the 4th quarter worth $244,669,000. Pictet Asset Management Holding SA lifted its position in shares of Rollins by 188.2% during the 1st 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 during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Rollins during the second quarter worth $65,993,000. Finally, Vanguard Group Inc. grew its stake in shares of Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider's stock worth $2,297,717,000 after purchasing an additional 1,562,241 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.
Rollins Trading Up 1.0%
Shares of Rollins stock opened at $37.27 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $41.06 and a 200-day simple moving average of $50.04. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 4.03 and a beta of 0.75. Rollins, Inc. has a 12-month low of $35.83 and a 12-month high of $66.14.
Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results 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). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. Rollins's revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Rollins, Inc. will post 1.19 EPS for the current fiscal year.
Rollins Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins's dividend payout ratio (DPR) is presently 66.36%.
Analyst Ratings Changes
Several research firms recently commented on ROL. BNP Paribas Exane dropped their target price on Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Bank of America reaffirmed a "neutral" rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. Citigroup assumed coverage on Rollins in a research report on Wednesday, July 15th. They set a "neutral" rating and a $46.00 price objective for the company. UBS Group reiterated a "neutral" rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Finally, Barclays set a $45.00 target price on Rollins and gave the stock an "overweight" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.71.
Get Our Latest Analysis on ROL
Rollins Company Profile
(
Free Report)
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.
Further Reading
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