Legal & General Group Plc Purchases Shares of 2,016,785 Rollins, Inc. $ROL

Legal & General Group Plc acquired a new position in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,016,785 shares of the business services provider’s stock, valued at approximately $84,181,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DV Equities LLC purchased a new position in shares of Rollins during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its position in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares during the last quarter. Torren Management LLC bought a new position in Rollins during the 4th quarter valued at $36,000. Westpac Banking Corp bought a new position in Rollins during the 2nd quarter valued at $42,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Rollins during the 4th quarter valued at $43,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROL has been the subject of several recent analyst reports. Citigroup assumed coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. Bank of America reissued a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. BNP Paribas Exane cut their price target on shares of Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Argus downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.71.

Rollins Stock Performance

Shares of ROL opened at $35.92 on Friday. Rollins, Inc. has a 1 year low of $35.81 and a 1 year high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The stock’s fifty day moving average price is $40.50 and its two-hundred day moving average price is $49.45. The firm has a market cap of $17.29 billion, a PE ratio of 32.66, a PEG ratio of 4.02 and a beta of 0.75.

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 the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Announces Dividend

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