Robbins Farley Has $4.17 Million Stock Holdings in Rollins, Inc. $ROL

Robbins Farley boosted its position in Rollins, Inc. (NYSE:ROL) by 38.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,906 shares of the business services provider’s stock after buying an additional 27,819 shares during the period. Robbins Farley’s holdings in Rollins were worth $4,170,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC grew its stake in Rollins by 8.7% in the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 183 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Rollins by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after purchasing an additional 183 shares during the period. IFM Investors Pty Ltd raised its position in shares of Rollins by 0.3% during the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock worth $3,092,000 after purchasing an additional 185 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Rollins by 1.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after purchasing an additional 200 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Rollins by 3.9% in the 4th 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 in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Trading Down 1.4%

Shares of Rollins stock opened at $35.69 on Thursday. The company has a market capitalization of $17.17 billion, a P/E ratio of 32.44, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74. The stock has a fifty day simple moving average of $39.82 and a 200 day simple moving average of $48.68. Rollins, Inc. has a 12-month low of $35.48 and a 12-month high of $66.14. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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 net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.30 earnings per share. Rollins’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.0%. Rollins’s payout ratio is 66.36%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Thursday, July 23rd. UBS Group reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Bank of America reiterated a “neutral” rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. 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. Finally, Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently 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.