Rollins, Inc. $ROL Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC raised its position in shares of Rollins, Inc. (NYSE:ROL) by 27.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,227 shares of the business services provider’s stock after buying an additional 35,269 shares during the period. Lmcg Investments LLC’s holdings in Rollins were worth $8,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $1,663,000 after buying an additional 1,620 shares during the period. Empowered Funds LLC boosted its holdings in Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 918 shares during the period. Woodline Partners LP grew its position in Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Rollins by 185.0% during the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on ROL shares. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Loop Capital initiated coverage on shares of Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Morgan Stanley reduced their target price on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.71.

Rollins Stock Performance

Shares of ROL opened at $45.07 on Thursday. Rollins, Inc. has a 1 year low of $41.50 and a 1 year high of $66.14. The stock has a market capitalization of $21.70 billion, a PE ratio of 41.35, a PEG ratio of 2.68 and a beta of 0.75. 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 stock has a 50-day simple moving average of $48.62 and a 200-day simple moving average of $55.13.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. 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 earned $0.22 earnings per share. On average, analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. Rollins’s dividend payout ratio is currently 66.97%.

About Rollins

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.