Wealthfront Advisers LLC Buys Shares of 80,115 Rollins, Inc. $ROL

Key Points

• Wealthfront Advisers bought 80,115 shares of Rollins in the second quarter, worth approximately $3.34 million. Institutional investors collectively own 51.79% of the company.
• Analyst sentiment is cautious: Rollins has a consensus “Hold” rating and a $48.71 price target, while several firms recently lowered their targets and Zacks downgraded the stock to “Strong Sell.”
• Rollins shares opened at $36.31, near their 12-month low, after the company narrowly missed quarterly earnings and revenue estimates. The company declared a quarterly dividend of $0.1825, equivalent to a 2.0% annual yield.

Wealthfront Advisers LLC purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 80,115 shares of the business services provider's stock, valued at approximately $3,344,000.

Other institutional investors have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Rollins during the 2nd quarter valued at $88,000. JLB & Associates Inc. purchased a new position in Rollins in the second quarter worth $13,303,000. Cornerstone Advisors LLC bought a new position in Rollins in the second quarter valued at $12,272,000. BlackRock Inc. bought a new position in Rollins in the second quarter valued at $1,204,334,000. Finally, Deutsche Bank AG purchased a new stake in Rollins during the second quarter valued at about $60,657,000. Institutional investors own 51.79% of the company's stock.

Analyst Ratings Changes

ROL has been the subject of several research analyst reports. Bank of America reaffirmed a "neutral" rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. 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 report on Friday, July 24th. Zacks Research downgraded Rollins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. UBS Group reaffirmed a "neutral" rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Finally, Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a "hold" rating in a research report on Thursday, July 23rd. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.71.

Rollins Stock Performance

NYSE ROL opened at $36.31 on Friday. The company has a 50-day simple moving average of $41.45 and a two-hundred day simple moving average of $50.41. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $35.83 and a 12-month high of $66.14. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 3.96 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast 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. Shareholders of record on Monday, August 10th will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins's payout ratio is 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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