Rollins (NYSE:ROL) Hits New 12-Month Low – What’s Next?

Rollins, Inc. (NYSE:ROL)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $35.49 and last traded at $35.7780, with a volume of 260190 shares traded. The stock had previously closed at $36.19.

Analyst Ratings Changes

A number of research firms have commented on ROL. Piper Sandler lowered their price objective on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Canaccord Genuity Group set a $45.00 target price on shares of Rollins and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Raymond James Financial set a $35.00 price objective on Rollins in a research note on Thursday, July 23rd. Finally, Barclays set a $45.00 price target on Rollins and gave the stock an “overweight” rating in a report on Friday, July 24th. 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 issued a Sell rating to the stock. According to MarketBeat, Rollins has an average rating of “Hold” and an average price target of $48.71.

Rollins Stock Performance

The firm has a market cap of $17.28 billion, a PE ratio of 32.65, a PEG ratio of 3.95 and a beta of 0.74. 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 company has a 50-day simple moving average of $39.99 and a two-hundred day simple moving average of $48.84.

Rollins (NYSE:ROL) last released its 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 net margin of 13.55% and a return on equity of 38.81%. 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 previous year, the firm earned $0.30 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Amundi raised its position in shares of Rollins by 71.4% in the second quarter. Amundi now owns 1,851,904 shares of the business services provider’s stock worth $77,300,000 after buying an additional 771,578 shares in the last quarter. Wellington Grp LLC raised its stake in shares of Rollins by 30.1% during the second quarter. Wellington Grp LLC now owns 20,225 shares of the business services provider’s stock worth $844,000 after acquiring an additional 4,677 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Rollins in the second quarter worth $7,807,000. California State Teachers Retirement System grew its position in Rollins by 5,022.4% during the 2nd quarter. California State Teachers Retirement System now owns 20,917,333 shares of the business services provider’s stock worth $873,089,000 after acquiring an additional 20,508,985 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Rollins by 2.2% in the second quarter. HB Wealth Management LLC now owns 27,719 shares of the business services provider’s stock worth $1,157,000 after buying an additional 593 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

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.