Rollins, Inc. $ROL Stake Cut by Strive Financial Group LLC

Strive Financial Group LLC lessened its holdings in Rollins, Inc. (NYSE:ROL) by 76.0% in the second quarter, HoldingsChannel.com reports. The firm owned 8,386 shares of the business services provider’s stock after selling 26,524 shares during the period. Strive Financial Group LLC’s holdings in Rollins were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,620 shares during the period. Empowered Funds LLC boosted its holdings in shares of Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after buying an additional 918 shares during the period. Woodline Partners LP grew its position in shares of Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after buying an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares during the last quarter. Finally, First Trust Advisors LP raised 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 acquiring an additional 239,361 shares during the period. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROL. Citigroup began coverage on shares of Rollins in a report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price on the stock. UBS Group reiterated a “neutral” rating and set a $43.00 price target (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Wells Fargo & Company downgraded Rollins from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $46.00 to $32.00 in a report on Friday, July 24th. Piper Sandler lowered their price objective on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Canaccord Genuity Group set a $45.00 target price 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 issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Rollins presently has an average rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Performance

Shares of NYSE ROL opened at $35.84 on Friday. Rollins, Inc. has a 12-month low of $35.25 and a 12-month high of $66.14. The company has a market cap of $17.24 billion, a PE ratio of 32.58, a P/E/G ratio of 3.84 and a beta of 0.74. The stock has a 50 day simple moving average of $39.53 and a 200-day simple moving average of $48.43. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

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

Rollins Dividend Announcement

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

Rollins 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.