Public Employees Retirement System of Ohio Takes $3.87 Million Position in Rollins, Inc. $ROL

Public Employees Retirement System of Ohio bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 92,808 shares of the business services provider’s stock, valued at approximately $3,874,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Rollins in the 2nd quarter valued at $1,204,334,000. State Street Corp boosted its position in Rollins by 4.7% during the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after purchasing an additional 575,946 shares during the period. Geode Capital Management LLC increased its holdings in shares of Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after purchasing an additional 626,866 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after purchasing an additional 461,869 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Rollins in the fourth quarter valued at about $244,669,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ROL. Bank of America restated a “neutral” rating and set a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Piper Sandler lowered their price target 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. Wells Fargo & Company downgraded shares of Rollins from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $46.00 to $32.00 in a research report on Friday, July 24th. Citigroup initiated coverage on Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $70.00 to $52.00 in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Rollins has a consensus rating of “Hold” and a consensus price target of $48.71.

Rollins Price Performance

NYSE:ROL opened at $35.65 on Friday. Rollins, Inc. has a 52 week low of $35.47 and a 52 week high of $66.14. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 3.84 and a beta of 0.74. The firm’s 50-day simple moving average is $39.67 and its 200 day simple moving average is $48.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Dividend Announcement

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

Rollins Company 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.