Lombard Odier Asset Management Europe Ltd Makes New Investment in Rollins, Inc. $ROL

Lombard Odier Asset Management Europe Ltd purchased a new stake in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 102,300 shares of the business services provider’s stock, valued at approximately $4,270,000.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC grew its stake in Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after buying an additional 183 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Rollins by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after acquiring an additional 183 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Rollins by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock worth $3,092,000 after acquiring an additional 185 shares during the period. New Mexico Educational Retirement Board boosted its holdings in shares of Rollins by 1.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after acquiring an additional 200 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Rollins by 3.9% in the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after acquiring an additional 203 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 1.4%

Shares of NYSE ROL opened at $36.43 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $40.33 and a 200-day moving average of $49.36. The firm has a market capitalization of $17.53 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 3.94 and a beta of 0.75. Rollins, Inc. has a 12 month low of $35.81 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s payout ratio is currently 66.36%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler decreased their price objective on 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 stock an “overweight” rating in a research note on Friday, July 24th. Morgan Stanley decreased their price target on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. Finally, Raymond James Financial set a $35.00 price objective on shares of Rollins in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Rollins currently has a consensus rating of “Hold” and a consensus price target 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.