Renaissance Technologies LLC Sells 270,331 Shares of Rollins, Inc. $ROL

Renaissance Technologies LLC reduced its stake in Rollins, Inc. (NYSE:ROL) by 12.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,936,556 shares of the business services provider’s stock after selling 270,331 shares during the quarter. Renaissance Technologies LLC’s holdings in Rollins were worth $103,431,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. DV Equities LLC acquired a new position in Rollins during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its stake 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 last quarter. Torren Management LLC acquired a new stake in shares of Rollins in the fourth quarter worth $36,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Rollins during the 4th quarter worth $43,000. Finally, Quarry LP grew its stake in Rollins by 155.2% in the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after buying an additional 450 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Key Stories Impacting Rollins

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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Piper Sandler dropped their target price on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday. Wells Fargo & Company downgraded 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 research report on Friday. UBS Group reiterated a “neutral” rating and issued a $43.00 price objective on shares of Rollins in a research note on Friday. Weiss Ratings cut Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. 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 note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins Price Performance

Shares of NYSE:ROL opened at $38.59 on Friday. Rollins, Inc. has a 1-year low of $36.59 and a 1-year high of $66.14. The firm has a market capitalization of $18.58 billion, a PE ratio of 35.08, a PEG ratio of 2.40 and a beta of 0.75. The business’s 50 day moving average is $46.11 and its 200-day moving average is $53.76. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Sell-side analysts predict that Rollins, Inc. will post 1.21 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s payout ratio is 66.36%.

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.