Rollins (NYSE:ROL) Cut to “Hold” at Argus

Argus downgraded shares of Rollins (NYSE:ROL) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat.com reports.

A number of other equities analysts also recently commented on ROL. UBS Group restated a “neutral” rating and set a $43.00 price objective (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Citigroup initiated coverage on Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price target on the stock. Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Bank of America reaffirmed a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Performance

Shares of Rollins stock opened at $37.81 on Wednesday. The firm’s 50 day moving average is $43.29 and its two-hundred day moving average is $52.17. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins has a 52 week low of $36.35 and a 52 week high of $66.14. The firm has a market capitalization of $18.19 billion, a P/E ratio of 34.37, a P/E/G ratio of 4.02 and a beta of 0.75.

Rollins (NYSE:ROL) last announced 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 firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts forecast that Rollins will post 1.19 EPS for the current fiscal year.

Rollins Announces Dividend

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

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently bought and sold shares of the business. DV Equities LLC purchased a new position in Rollins in the fourth quarter valued at about $25,000. Cornerstone Planning Group LLC raised 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 valued at $26,000 after acquiring an additional 354 shares during the last quarter. Torren Management LLC acquired a new stake in Rollins in the fourth quarter worth about $36,000. Fideuram Asset Management Ireland dac bought a new position in Rollins during the 4th quarter worth approximately $43,000. Finally, Quarry LP raised its holdings in Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after purchasing an additional 450 shares during the period. 51.79% of the stock is currently owned by institutional investors.

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.