Rollins (NYSE:ROL) Hits New 12-Month Low – Should You Sell?

Rollins, Inc. (NYSE:ROL)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $34.32 and last traded at $34.4030, with a volume of 880036 shares traded. The stock had previously closed at $35.31.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ROL shares. Piper Sandler lowered their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company lowered Rollins from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $46.00 to $32.00 in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

The stock has a fifty day simple moving average of $38.18 and a 200-day simple moving average of $46.92. The company has a market capitalization of $16.16 billion, a PE ratio of 30.53, a P/E/G ratio of 3.63 and a beta of 0.74. 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 announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a $0.1825 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.2%. Rollins’s dividend payout ratio is 66.36%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Rollins during the second quarter worth approximately $1,204,334,000. Geode Capital Management LLC boosted its stake in Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after purchasing an additional 626,866 shares during the period. Norges Bank purchased a new position in Rollins during the 4th quarter worth $244,669,000. AMF Tjanstepension AB grew its position in Rollins by 2.4% during the 1st quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock worth $195,974,000 after purchasing an additional 87,139 shares during the last quarter. Finally, USS Investment Management Ltd increased its stake in Rollins by 55.9% in the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after purchasing an additional 1,123,237 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.