Epoch Investment Partners Inc. Sells 137,421 Shares of Rollins, Inc. $ROL

Epoch Investment Partners Inc. lowered its holdings in Rollins, Inc. (NYSE:ROL) by 11.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,025,900 shares of the business services provider’s stock after selling 137,421 shares during the period. Epoch Investment Partners Inc.’s holdings in Rollins were worth $54,793,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. DV Equities LLC purchased a new position in shares of Rollins during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its stake in 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 acquiring an additional 354 shares during the period. Torren Management LLC bought a new stake in Rollins in the fourth quarter valued at $36,000. Fideuram Asset Management Ireland dac bought a new stake in Rollins in the fourth quarter valued at $43,000. Finally, Quarry LP increased its position in Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 450 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Down 2.2%

Shares of Rollins stock opened at $38.59 on Friday. Rollins, Inc. has a 1 year low of $36.59 and a 1 year high of $66.14. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.40 and a beta of 0.75. The company has a 50-day moving average of $46.11 and a 200 day moving average of $53.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.59.

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). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.21 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Analyst Ratings Changes

ROL has been the subject of several research analyst reports. Citigroup began coverage on shares of Rollins in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company downgraded shares of Rollins from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $46.00 to $32.00 in a research note on Friday. Morgan Stanley reduced their target price on Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, UBS Group reissued a “neutral” rating and issued a $43.00 target price on shares of Rollins in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.71.

Key Rollins News

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

About Rollins

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.