Rollins, Inc. (NYSE:ROL) Lowered to “Hold” at BidaskClub
Rollins, Inc. (NYSE:ROL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Nomura reiterated a “buy” rating and set a $40.00 target price on shares of Rollins in a research report on Thursday, April 27th. Finally, Instinet lifted their target price on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th.
Shares of Rollins (NYSE:ROL) traded down 1.44% during trading on Thursday, hitting $40.28. 933,317 shares of the stock traded hands. The company has a market cap of $8.78 billion, a PE ratio of 50.35 and a beta of 0.29. The firm has a 50 day moving average price of $42.20 and a 200-day moving average price of $37.51. Rollins has a one year low of $27.29 and a one year high of $43.75.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Rollins had a net margin of 11.01% and a return on equity of 30.01%. The company had revenue of $375.25 million for the quarter, compared to the consensus estimate of $373.04 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Rollins will post $0.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Wednesday, May 10th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, May 8th. This represents a $0.46 annualized dividend and a dividend yield of 1.14%. Rollins’s dividend payout ratio (DPR) is currently 57.50%.
Hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC acquired a new stake in shares of Rollins during the first quarter valued at $378,000. Tudor Investment Corp ET AL acquired a new stake in shares of Rollins during the first quarter valued at $356,000. Barings LLC acquired a new stake in shares of Rollins during the first quarter valued at $1,991,000. AQR Capital Management LLC raised its stake in shares of Rollins by 34.2% in the first quarter. AQR Capital Management LLC now owns 143,725 shares of the business services provider’s stock valued at $5,337,000 after buying an additional 36,642 shares during the period. Finally, State Street Corp raised its stake in shares of Rollins by 1.8% in the first quarter. State Street Corp now owns 2,506,568 shares of the business services provider’s stock valued at $93,069,000 after buying an additional 44,732 shares during the period. Institutional investors and hedge funds own 37.65% of the company’s stock.
Rollins Company Profile
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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