NewEdge Wealth LLC Has $4.25 Million Stock Holdings in Rollins, Inc. $ROL

NewEdge Wealth LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 14.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,671 shares of the business services provider’s stock after selling 13,813 shares during the period. NewEdge Wealth LLC’s holdings in Rollins were worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after buying an additional 1,620 shares during the last quarter. Empowered Funds LLC lifted its stake in Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 918 shares in the last quarter. Woodline Partners LP boosted its holdings in Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Rollins by 185.0% in the 2nd 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 in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Down 2.2%

Shares of ROL stock opened at $38.59 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market cap of $18.58 billion, a P/E ratio of 35.08, a PEG ratio of 2.46 and a beta of 0.75. The company has a 50 day moving average of $46.11 and a 200-day moving average of $53.76. Rollins, Inc. has a 12-month low of $36.59 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly earnings data 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). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.30 EPS. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that Rollins, Inc. will post 1.23 earnings per share for the current year.

Rollins Announces Dividend

The company 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. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.9%. Rollins’s payout ratio is presently 66.97%.

Analyst Ratings Changes

ROL has been the topic of a number of recent analyst reports. Citigroup started coverage on shares of Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price target on the stock. Loop Capital began coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Wells Fargo & Company lowered Rollins from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $46.00 to $32.00 in a report on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research report on Thursday, April 23rd. Finally, Morgan Stanley decreased their target price on Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins News Roundup

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

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.