Benjamin Edwards Inc. Boosts Stock Holdings in Rollins, Inc. $ROL

Benjamin Edwards Inc. lifted its holdings in Rollins, Inc. (NYSE:ROL) by 542.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 205,443 shares of the business services provider’s stock after purchasing an additional 173,455 shares during the period. Benjamin Edwards Inc.’s holdings in Rollins were worth $8,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Rollins during the 2nd quarter valued at $1,204,334,000. State Street Corp raised its position in shares of Rollins by 4.7% in the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after acquiring an additional 575,946 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after purchasing an additional 626,866 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after purchasing an additional 461,869 shares during the last quarter. Finally, Norges Bank bought a new stake in Rollins during the fourth quarter valued at about $244,669,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Up 0.1%

Shares of ROL stock opened at $36.43 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $66.14. The stock’s 50-day simple moving average is $40.33 and its 200-day simple moving average is $49.25. The firm has a market capitalization of $17.53 billion, a PE ratio of 33.12, a P/E/G ratio of 3.98 and a beta of 0.75.

Rollins (NYSE:ROL) last released its quarterly earnings data 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). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Equities analysts expect that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.1825 dividend. 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 payout ratio is presently 66.36%.

Analysts Set New Price Targets

Several research firms have commented on ROL. Zacks Research lowered shares of Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 target price (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Bank of America reaffirmed a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Royal Bank Of Canada lowered Rollins from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $52.00 to $40.00 in a report on Thursday, July 23rd. Finally, Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of “Hold” and a consensus 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.