Commerce Bank Buys New Stake in Rollins, Inc. $ROL

Commerce Bank purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,201 shares of the business services provider’s stock, valued at approximately $5,142,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after acquiring an additional 1,562,241 shares in the last quarter. BlackRock Inc. purchased a new position in Rollins during the second quarter worth approximately $1,204,334,000. State Street Corp boosted its position in Rollins by 4.7% during the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after purchasing an additional 575,946 shares in the last quarter. Geode Capital Management LLC grew its holdings in Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after purchasing an additional 626,866 shares during the period. Finally, Invesco Ltd. increased its position in shares of Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after buying an additional 461,869 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $36.86 on Monday. The firm has a 50-day simple moving average of $41.25 and a 200-day simple moving average of $50.22. 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 stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. Rollins, Inc. has a 52 week low of $35.83 and a 52 week high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts predict that Rollins, Inc. will post 1.19 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ROL shares. Barclays set a $45.00 price target on shares of Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $70.00 to $52.00 in a research report on Friday, May 29th. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Finally, Raymond James Financial set a $35.00 price target on shares of Rollins in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.