VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 187,037 Rollins, Inc. $ROL

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, Holdings Channel reports. The fund purchased 187,037 shares of the business services provider’s stock, valued at approximately $7,807,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System grew its position in Rollins by 5,022.4% in the 2nd 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 in the last quarter. HB Wealth Management LLC raised its position in Rollins by 2.2% in the second quarter. HB Wealth Management LLC now owns 27,719 shares of the business services provider’s stock worth $1,157,000 after acquiring an additional 593 shares in the last quarter. Saudi Central Bank lifted its stake in Rollins by 88.6% during the second quarter. Saudi Central Bank now owns 20,243 shares of the business services provider’s stock valued at $845,000 after purchasing an additional 9,510 shares during the last quarter. AlphaGrep UK Ltd acquired a new stake in shares of Rollins during the 2nd quarter valued at $284,000. Finally, Raiffeisen Bank International AG boosted its position in shares of Rollins by 73.5% in the 2nd quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 272 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $32.00 in a research note on Friday, July 24th. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $70.00 to $52.00 in a report on Friday, May 29th. Canaccord Genuity Group set a $45.00 price target on Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Morgan Stanley reduced their price objective on Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Piper Sandler decreased their price objective on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.71.

Rollins Trading Down 2.4%

Shares of NYSE:ROL opened at $34.99 on Wednesday. The firm has a fifty day moving average of $39.26 and a two-hundred day moving average of $48.01. The firm has a market capitalization of $16.84 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74. Rollins, Inc. has a 12-month low of $34.95 and a 12-month high of $66.14. 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 (NYSE:ROL) last posted its quarterly 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 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 analyst estimates of $1.09 billion. During the same period last year, the company posted $0.30 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts expect that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.1%. Rollins’s dividend payout ratio (DPR) is 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.