S&CO Inc. Makes New $6.53 Million Investment in Rollins, Inc. $ROL

S&CO Inc. purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, HoldingsChannel reports. The firm purchased 156,393 shares of the business services provider’s stock, valued at approximately $6,527,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. LRI Investments LLC lifted its holdings in shares of Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after acquiring an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Rollins by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 183 shares during the last quarter. IFM Investors Pty Ltd raised its position in Rollins by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 185 shares during the period. New Mexico Educational Retirement Board raised its position in 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 valued at $773,000 after purchasing an additional 200 shares during the period. Finally, Inspire Investing LLC lifted its stake in 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 in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Rollins stock opened at $36.23 on Friday. The firm has a market cap of $17.43 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 3.95 and a beta of 0.75. Rollins, Inc. has a 52-week low of $35.97 and a 52-week high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $42.34 and its two-hundred day moving average is $51.25.

Rollins (NYSE:ROL) last posted 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). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. On average, research analysts expect that Rollins, Inc. will post 1.19 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. Rollins’s dividend payout ratio (DPR) is 66.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ROL shares. The Goldman Sachs Group restated a “buy” rating and set a $67.00 price target on shares of Rollins in a research report on Thursday, April 23rd. Citigroup initiated coverage on Rollins in a report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price objective on the stock. Argus lowered Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. UBS Group restated a “neutral” rating and set a $43.00 target price (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Finally, Piper Sandler dropped their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company 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 MarketBeat.com, Rollins has an average rating of “Hold” and an average target price 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.