Sanctuary Advisors LLC Makes New Investment in Rollins, Inc. $ROL

Sanctuary Advisors LLC bought a new position in Rollins, Inc. (NYSE:ROL) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 48,806 shares of the business services provider’s stock, valued at approximately $2,037,000.

A number of other large investors also recently made changes to their positions in the company. National Pension Service boosted its stake in Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares during the last quarter. Dudley & Shanley Inc. raised its holdings in shares of Rollins by 8.8% in the 2nd quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock worth $20,689,000 after purchasing an additional 39,925 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Rollins by 16.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock worth $11,551,000 after purchasing an additional 31,173 shares during the period. USS Investment Management Ltd lifted its stake in Rollins by 55.9% in the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after purchasing an additional 1,123,237 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Rollins by 73.3% in the first quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock valued at $100,365,000 after purchasing an additional 794,722 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Stock Up 0.9%

Rollins stock opened at $36.70 on Thursday. The firm has a 50 day simple moving average of $40.68 and a 200 day simple moving average of $49.65. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1-year low of $35.83 and a 1-year high of $66.14. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 33.36, a P/E/G ratio of 3.98 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its 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). 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 analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 dividend on an annualized basis and a yield of 2.0%. Rollins’s dividend payout ratio is 66.36%.

Analysts Set New Price Targets

ROL has been the subject of a number of recent research reports. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the stock a “hold” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Royal Bank Of Canada downgraded Rollins from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Argus lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, UBS Group restated a “neutral” rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. One research 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 stock. According to data from MarketBeat, Rollins has a consensus rating of “Hold” and an average price target of $48.71.

Rollins Company 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.