Rollins (NYSE:ROL) Sets New 12-Month Low – Time to Sell?

Rollins, Inc. (NYSE:ROL)’s share price hit a new 52-week low on Thursday . The stock traded as low as $35.81 and last traded at $36.06, with a volume of 470210 shares traded. The stock had previously closed at $36.70.

Analyst Upgrades and Downgrades

ROL has been the subject of several research reports. Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $52.00 to $40.00 in a report on Thursday, July 23rd. UBS Group restated a “neutral” rating and set a $43.00 target price (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the company a “hold” rating in a report on Thursday, July 23rd. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $70.00 to $52.00 in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.71.

Rollins Trading Down 2.2%

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 business’s 50 day moving average price is $40.68 and its 200-day moving average price is $49.65. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business 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 firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. Equities analysts forecast that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced 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. 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 66.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ROL. BlackRock Inc. purchased a new position in shares of Rollins during the 2nd quarter worth approximately $1,204,334,000. California State Teachers Retirement System lifted its stake in shares of Rollins by 5,022.4% during the second quarter. California State Teachers Retirement System now owns 20,917,333 shares of the business services provider’s stock valued at $873,089,000 after buying an additional 20,508,985 shares during the period. Norges Bank purchased a new position in shares of Rollins during the fourth quarter valued at approximately $244,669,000. Legal & General Group Plc acquired a new stake in Rollins during the second quarter worth approximately $84,181,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after purchasing an additional 1,899,515 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

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.