Rollins (NYSE:ROL) Reaches New 12-Month Low – Here’s Why

Rollins, Inc. (NYSE:ROL) reached a new 52-week low on Monday . The company traded as low as $42.58 and last traded at $42.3280, with a volume of 786248 shares. The stock had previously closed at $43.27.

Analyst Ratings Changes

A number of research firms have recently issued reports on ROL. Loop Capital began coverage on shares of Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price objective on the stock. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. UBS Group upped their target price on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Finally, Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $63.07.

Rollins Trading Down 1.2%

The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $50.10 and a two-hundred day simple moving average of $55.83. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.7%. Rollins’s dividend payout ratio is currently 66.97%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP grew its stake in Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after buying an additional 239,361 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

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.