Hennessy Advisors Inc. Invests $1.85 Million in Rollins, Inc. $ROL

Hennessy Advisors Inc. purchased a new position in Rollins, Inc. (NYSE:ROL) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 44,298 shares of the business services provider’s stock, valued at approximately $1,849,000.

A number of other large investors also recently bought and sold shares of the business. DV Equities LLC purchased a new stake in Rollins during the 4th quarter valued at $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 worth $26,000 after purchasing an additional 354 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Rollins during the fourth quarter valued at $43,000. Quarry LP lifted its holdings in shares of Rollins by 155.2% during the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 450 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of Rollins by 47.3% during the fourth quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock valued at $47,000 after buying an additional 251 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada lowered shares of Rollins from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. Finally, Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. One equities research 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, the company presently has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins Stock Performance

ROL opened at $36.43 on Monday. 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 company has a market cap of $17.53 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 3.98 and a beta of 0.75. The company’s 50 day moving average is $40.33 and its 200 day moving average is $49.25. Rollins, Inc. has a 12-month low of $35.81 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly earnings data 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). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.1825 per share. The ex-dividend date 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%.

Rollins 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.