Manning & Napier Advisors LLC Takes Position in Rollins, Inc. $ROL

Manning & Napier Advisors LLC purchased a new stake in Rollins, Inc. (NYSE:ROL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,493,038 shares of the business services provider’s stock, valued at approximately $63,126,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DV Equities LLC acquired a new stake in Rollins during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC boosted its holdings in shares of Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the period. Torren Management LLC acquired a new position in shares of Rollins in the fourth quarter worth about $36,000. Westpac Banking Corp purchased a new position in shares of Rollins in the second quarter worth approximately $42,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Rollins in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

ROL stock opened at $37.27 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The stock has a market cap of $17.93 billion, a P/E ratio of 33.88, a P/E/G ratio of 4.03 and a beta of 0.75. The firm has a 50 day simple moving average of $41.06 and a 200 day simple moving average of $50.04. Rollins, Inc. has a 52 week low of $35.83 and a 52 week high of $66.14.

Rollins (NYSE:ROL) last issued its earnings results 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $0.30 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 1.19 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Wall Street Analysts Forecast Growth

ROL has been the subject of several research analyst reports. Bank of America restated a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. 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. Piper Sandler cut their target price on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Barclays set a $45.00 target price on Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. Finally, Argus cut Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Hold” and a consensus target price of $48.71.

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.