Landscape Capital Management L.L.C. Makes New Investment in Rollins, Inc. $ROL

Landscape Capital Management L.L.C. acquired a new position in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, HoldingsChannel reports. The firm acquired 55,575 shares of the business services provider’s stock, valued at approximately $2,320,000.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,620 shares during the last quarter. Empowered Funds LLC raised its position in Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares during the last quarter. Woodline Partners LP raised its position in Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

ROL stock opened at $36.86 on Friday. The company has a 50 day moving average price of $41.25 and a 200 day moving average price of $50.31. Rollins, Inc. has a fifty-two week low of $35.83 and a fifty-two week high of $66.14. 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 stock has a market capitalization of $17.73 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 4.03 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. Analysts forecast that Rollins, Inc. will post 1.19 EPS for the current 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. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio is 66.36%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ROL shares. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. Citigroup began coverage on Rollins in a report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price target for the company. Morgan Stanley reduced their price target on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Piper Sandler decreased their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, BNP Paribas Exane decreased their price objective on shares of Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.71.

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.