Bank of New York Mellon Corp Trims Holdings in Rollins, Inc. $ROL

Bank of New York Mellon Corp reduced its stake in Rollins, Inc. (NYSE:ROL) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,683,193 shares of the business services provider’s stock after selling 47,987 shares during the quarter. Bank of New York Mellon Corp’s holdings in Rollins were worth $89,899,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

ROL has been the subject of a number of research reports. Canaccord Genuity Group set a $51.00 price objective on Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Weiss Ratings cut Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Citigroup assumed coverage on shares of Rollins in a research note on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, UBS Group set a $50.00 price target on shares of Rollins in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.87.

Rollins Trading Down 2.0%

NYSE:ROL opened at $43.85 on Wednesday. The firm has a market cap of $21.11 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 2.75 and a beta of 0.75. The stock has a fifty day moving average price of $46.87 and a 200 day moving average price of $54.12. Rollins, Inc. has a 12-month low of $41.50 and a 12-month high of $66.14. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. During the same quarter in the prior year, the business earned $0.22 EPS. Rollins’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Rollins announced a regular quarterly cash dividend of $0.1825 per share, signaling continued confidence in cash generation and returning capital to shareholders. ROLLINS, INC. ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
• Positive Sentiment: Recent analyst coverage ahead of Q2 earnings pointed to expected revenue and EPS growth, supported by acquisitions, market expansion, cross-selling, and pricing power. Rollins is Set to Report Q2 Earnings: Here’s What You Should Know
• Positive Sentiment: Another earnings preview suggested investors are looking for continued strength in key operating metrics, reinforcing expectations for a solid quarterly report. Rollins (ROL) Q2 Earnings on the Horizon: Analysts’ Insights on Key Performance Measures
• Neutral Sentiment: A market commentary article highlighted that Rollins’ prior revenue beat and rising EPS estimates could be constructive for shareholders, but it mainly reflects analyst sentiment rather than a new company-specific catalyst. What Rollins (ROL)’s Revenue Beat and Rising EPS Estimates Mean For Shareholders
• Negative Sentiment: The stock has been trading below its 50-day and 200-day moving averages, suggesting the market still sees weakness despite the positive dividend and earnings backdrop.

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.