Rakuten Investment Management Inc. Purchases Shares of 47,778 Rollins, Inc. $ROL

Rakuten Investment Management Inc. acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, Holdings Channel reports. The firm acquired 47,778 shares of the business services provider’s stock, valued at approximately $2,020,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DV Equities LLC bought a new stake in Rollins in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its holdings in Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares in the last quarter. Westpac Banking Corp bought a new position in Rollins in the second quarter worth approximately $42,000. Fideuram Asset Management Ireland dac acquired a new stake in Rollins in the fourth quarter valued at approximately $43,000. Finally, Quarry LP grew its stake in Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 450 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 0.1%

Shares of ROL stock opened at $36.43 on Monday. Rollins, Inc. has a 52-week low of $35.81 and a 52-week high of $66.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The company has a 50-day simple moving average of $40.33 and a two-hundred day simple moving average of $49.25. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 33.12, a PEG 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 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.30 EPS. Rollins’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Argus downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. Morgan Stanley lowered their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Barclays set a $45.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.