PDT Partners LLC Invests $3.21 Million in Rollins, Inc. $ROL

PDT Partners LLC bought a new stake in Rollins, Inc. (NYSE:ROL) during the second quarter, Holdings Channel reports. The firm bought 76,975 shares of the business services provider’s stock, valued at approximately $3,213,000.

Other institutional investors have also recently bought and sold shares of the company. DV Equities LLC bought a new stake in Rollins during the 4th quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its position 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 purchasing an additional 354 shares during the period. Torren Management LLC acquired a new stake in Rollins during the 4th quarter worth $36,000. Westpac Banking Corp bought a new stake in shares of Rollins in the 2nd quarter valued at about $42,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Rollins during the 4th quarter worth approximately $43,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

ROL opened at $36.70 on Thursday. Rollins, Inc. has a 52-week low of $35.83 and a 52-week high of $66.14. The firm has a market capitalization of $17.66 billion, a PE ratio of 33.36, a PEG ratio of 3.98 and a beta of 0.75. 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 business’s 50-day simple moving average is $40.68 and its 200 day simple moving average is $49.65.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect that Rollins, Inc. will post 1.18 earnings per share 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 yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is currently 66.36%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Raymond James Financial set a $35.00 price target on Rollins in a research note on Thursday, July 23rd. Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $70.00 to $52.00 in a research report on Friday, May 29th. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. BNP Paribas Exane reduced their price target on Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Finally, Bank of America reiterated a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Rollins presently has an average rating of “Hold” and a consensus price target of $48.71.

Rollins 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.