Rollins, Inc. $ROL Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 542.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 205,443 shares of the business services provider’s stock after purchasing an additional 173,455 shares during the period. Benjamin Edwards Inc.’s holdings in Rollins were worth $8,574,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. LRI Investments LLC raised its holdings in 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 purchasing an additional 183 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Rollins by 1.1% in the first 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 raised its stake in shares of Rollins by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock worth $3,092,000 after buying an additional 185 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of Rollins by 1.6% during 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 buying an additional 200 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Rollins by 3.9% during the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock valued at $328,000 after buying an additional 203 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on ROL. Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Piper Sandler dropped their target price on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Bank of America reissued a “neutral” rating and set a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Hold” and an average price target of $48.71.

Rollins Stock Up 0.1%

Shares of NYSE ROL opened at $36.43 on Monday. The stock has a market cap of $17.53 billion, a PE ratio of 33.12, a P/E/G ratio of 3.98 and a beta of 0.75. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $35.81 and a 12-month high of $66.14. The company has a 50-day moving average of $40.33 and a 200 day moving average of $49.25.

Rollins (NYSE:ROL) last issued its earnings results 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). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. As a group, sell-side analysts predict that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed 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. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio is currently 66.36%.

Rollins Company 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.