Rollins Inc. (NYSE:ROL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Rollins Inc. provides services to both residential and commercial customers. The four primary services provided are termite and pest control, protective services, lawn care and plantscaping. Orkin Exterminating Company, Inc., a wholly owned subsidiary (Orkin), is one of the world’s largest termite and pest control companies. Rollins Protective Services, a division of the Registrant, is a pioneer in developing customized wired and wireless electronic security systems. “
Separately, Nomura boosted their price objective on Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 7th.
Rollins (NYSE:ROL) opened at 28.88 on Wednesday. The stock has a market cap of $6.30 billion, a PE ratio of 40.34 and a beta of 0.52. Rollins has a 52-week low of $23.69 and a 52-week high of $29.71. The firm has a 50-day moving average price of $28.59 and a 200 day moving average price of $28.04.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 27th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The firm earned $411.10 million during the quarter, compared to analyst estimates of $415.60 million. Rollins had a return on equity of 29.21% and a net margin of 10.26%. Rollins’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Equities analysts anticipate that Rollins will post $0.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.39%. The ex-dividend date was Monday, August 8th. Rollins’s payout ratio is currently 54.80%.
A number of hedge funds have recently made changes to their positions in ROL. Teachers Advisors Inc. increased its stake in shares of Rollins by 4.1% in the first quarter. Teachers Advisors Inc. now owns 496,312 shares of the company’s stock valued at $13,460,000 after buying an additional 19,581 shares during the last quarter. RMB Capital Management LLC acquired a new stake in shares of Rollins during the first quarter valued at $804,000. BlackRock Inc. increased its stake in shares of Rollins by 23.1% in the first quarter. BlackRock Inc. now owns 41,154 shares of the company’s stock valued at $1,116,000 after buying an additional 7,730 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Rollins by 22.3% in the first quarter. BlackRock Group LTD now owns 61,146 shares of the company’s stock valued at $1,658,000 after buying an additional 11,156 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Rollins by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,832,177 shares of the company’s stock valued at $76,809,000 after buying an additional 140,393 shares during the last quarter. 35.59% of the stock is currently owned by hedge funds and other institutional investors.
Rollins, Inc is a service company, which provides pest and termite control services. The Company operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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