Visionary Wealth Advisors Acquires Shares of 65,961 Rollins, Inc. $ROL

Visionary Wealth Advisors acquired a new stake in Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 65,961 shares of the business services provider’s stock, valued at approximately $2,753,000.

Other hedge funds have also modified their holdings of the company. DV Equities LLC acquired a new position in shares of Rollins in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the period. Torren Management LLC acquired a new stake in Rollins during the 4th quarter worth $36,000. Fideuram Asset Management Ireland dac purchased a new position in Rollins during the 4th quarter worth $43,000. Finally, Quarry LP grew its position in Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after purchasing an additional 450 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 1.0%

ROL stock opened at $37.27 on Tuesday. Rollins, Inc. has a one year low of $35.83 and a one year high of $66.14. The stock has a market capitalization of $17.93 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The company has a fifty day moving average of $41.06 and a 200-day moving average of $50.04.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. As a group, analysts expect that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Citigroup started coverage on Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price target on the stock. BNP Paribas Exane dropped their price target on Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Weiss Ratings downgraded Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Canaccord Genuity Group set a $45.00 price objective on Rollins and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.71.

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.