OP Asset Management Ltd Invests $1.52 Million in Rollins, Inc. $ROL

OP Asset Management Ltd purchased a new stake in Rollins, Inc. (NYSE:ROL) in the 1st quarter, Holdings Channel reports. The firm purchased 28,431 shares of the business services provider’s stock, valued at approximately $1,518,000.

A number of other large investors have also made changes to their positions in ROL. LRI Investments LLC raised its stake in Rollins by 8.7% during the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after buying an additional 183 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of Rollins by 1.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after acquiring an additional 200 shares in the last quarter. Inspire Investing LLC raised its position in shares of Rollins by 3.9% during the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after purchasing an additional 203 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Rollins by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 18,288 shares of the business services provider’s stock valued at $1,098,000 after purchasing an additional 221 shares in the last quarter. Finally, Keel Point LLC grew its position in shares of Rollins by 5.4% in the 2nd quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 238 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

ROL opened at $42.29 on Tuesday. Rollins, Inc. has a 52-week low of $41.93 and a 52-week high of $66.14. The firm has a market capitalization of $20.36 billion, a PE ratio of 38.80, a PEG ratio of 2.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The business’s 50-day simple moving average is $50.37 and its 200 day simple moving average is $55.95.

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

Rollins Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on ROL shares. Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. UBS Group upped their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Loop Capital started coverage on shares of Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company set a $46.00 target price on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.07.

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.