Rollins, Inc. $ROL Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 16.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 216,278 shares of the business services provider’s stock after buying an additional 31,173 shares during the period. Public Employees Retirement System of Ohio’s holdings in Rollins were worth $11,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,620 shares in the last quarter. Empowered Funds LLC grew its position in shares of Rollins by 16.7% in the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares during the period. Woodline Partners LP increased its stake in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 375 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Rollins by 185.0% during the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $38.59 on Monday. The firm has a 50-day simple moving average of $46.11 and a 200-day simple moving average of $53.72. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 4.14 and a beta of 0.75. Rollins, Inc. has a 52 week low of $36.59 and a 52 week high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly 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). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Rollins, Inc. will post 1.21 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm 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 $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research reports. BNP Paribas Exane decreased their price target on shares of Rollins from $63.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday. Loop Capital started coverage on Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price objective for the company. Citigroup assumed coverage on Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 target price for the company. The Goldman Sachs Group restated a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $45.00 price target (down from $70.00) on shares of Rollins in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.71.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

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.