Jupiter Topco LLC Purchases New Position in Rollins, Inc. $ROL

Jupiter Topco LLC purchased a new position in Rollins, Inc. (NYSE:ROL) in the second quarter, HoldingsChannel reports. The fund purchased 34,219 shares of the business services provider’s stock, valued at approximately $1,428,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. DV Equities LLC bought a new position in shares of Rollins in the 4th quarter worth approximately $25,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Rollins during the fourth quarter valued at approximately $43,000. Quarry LP grew its stake in Rollins by 155.2% in the fourth 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 period. Root Financial Partners LLC raised its holdings in Rollins by 47.3% in the fourth quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock worth $47,000 after purchasing an additional 251 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Rollins by 121.6% in the fourth quarter. Hantz Financial Services Inc. now owns 820 shares of the business services provider’s stock worth $49,000 after purchasing an additional 450 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 0.4%

Shares of Rollins stock opened at $35.84 on Friday. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.84 and a beta of 0.74. The company’s 50 day moving average is $39.53 and its 200 day moving average is $48.43. Rollins, Inc. has a twelve month low of $35.25 and a twelve month 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.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Research analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

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

Analysts Set New Price Targets

ROL has been the topic of a number of research reports. Weiss Ratings cut shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. UBS Group reiterated a “neutral” rating and issued a $43.00 price target (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Bank of America reissued a “neutral” rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Piper Sandler cut their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Royal Bank Of Canada downgraded Rollins from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.