102,300 Shares in Rollins, Inc. $ROL Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd bought a new position in Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 102,300 shares of the business services provider’s stock, valued at approximately $4,270,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROL. DV Equities LLC purchased a new stake in shares of Rollins in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 354 shares during the last quarter. Torren Management LLC purchased a new position in Rollins in the 4th quarter worth $36,000. Westpac Banking Corp bought a new stake in Rollins in the second quarter worth $42,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Rollins in the fourth quarter worth $43,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Shares of ROL opened at $36.43 on Friday. The company has a 50-day simple moving average of $40.33 and a two-hundred day simple moving average of $49.36. 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 firm has a market capitalization of $17.53 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.94 and a beta of 0.75. Rollins, Inc. has a one year low of $35.81 and a one year high of $66.14.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s payout ratio is currently 66.36%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James Financial set a $35.00 price objective on Rollins in a report on Thursday, July 23rd. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. Morgan Stanley lowered their price objective on Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. UBS Group restated a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Finally, Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $46.00 to $32.00 in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rollins 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.