New York Life Investment Management LLC Has $2.16 Million Stock Position in Rollins, Inc. $ROL

New York Life Investment Management LLC increased its position in Rollins, Inc. (NYSE:ROL) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,283 shares of the business services provider’s stock after purchasing an additional 666 shares during the quarter. New York Life Investment Management LLC’s holdings in Rollins were worth $2,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Rollins in the second quarter worth about $30,000. GW&K Investment Management LLC boosted its holdings in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. National Pension Service boosted its holdings in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after buying an additional 462 shares during the last quarter. Finally, HM Payson & Co. bought a new position in Rollins during the first quarter worth about $63,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler raised their target price on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Barclays raised their target price on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 price objective on shares of Rollins in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.73.

Rollins Trading Down 0.3%

NYSE ROL opened at $57.62 on Friday. The stock has a market capitalization of $27.92 billion, a price-to-earnings ratio of 53.85 and a beta of 0.69. The stock’s 50 day moving average price is $56.75 and its two-hundred day moving average price is $56.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.12.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio (DPR) is presently 65.35%.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.