OneDigital Investment Advisors LLC Buys New Stake in Rollins, Inc. $ROL

OneDigital Investment Advisors LLC purchased a new position in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,912 shares of the business services provider’s stock, valued at approximately $622,000.

A number of other hedge funds also recently bought and sold shares of ROL. LRI Investments LLC grew its stake in shares of Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after buying an additional 183 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Rollins by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock valued at $874,000 after buying an additional 183 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Rollins by 0.3% in the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after acquiring an additional 185 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Rollins by 1.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after acquiring an additional 200 shares during the last quarter. Finally, Inspire Investing LLC grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROL. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lowered Rollins from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $46.00 to $32.00 in a report on Friday, July 24th. Finally, Citigroup began coverage on Rollins in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price target for the company. 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. According to MarketBeat, Rollins has an average rating of “Hold” and an average price target of $48.71.

Rollins Price Performance

Shares of ROL stock opened at $36.38 on Wednesday. Rollins, Inc. has a 52-week low of $35.83 and a 52-week high of $66.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The firm has a market capitalization of $17.50 billion, a P/E ratio of 33.07, a P/E/G ratio of 3.95 and a beta of 0.75. The stock has a 50 day moving average price of $41.90 and a 200 day moving average price of $50.78.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) 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 business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. Rollins’s revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Rollins, Inc. will post 1.19 earnings per share for the current year.

Rollins Announces Dividend

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