First Trust Advisors LP Buys 95,588 Shares of Rollins, Inc. $ROL

First Trust Advisors LP lifted its position in Rollins, Inc. (NYSE:ROL) by 10.8% in the first quarter, Holdings Channel reports. The firm owned 977,008 shares of the business services provider’s stock after buying an additional 95,588 shares during the period. First Trust Advisors LP’s holdings in Rollins were worth $52,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROL. Norges Bank purchased a new position in Rollins during the 4th quarter worth $244,669,000. Pictet Asset Management Holding SA lifted its holdings in shares of Rollins by 188.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after buying an additional 1,899,515 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Rollins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after buying an additional 1,562,241 shares during the period. USS Investment Management Ltd grew its position in shares of Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after buying an additional 1,123,237 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Rollins by 11,772.1% during the 4th quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock worth $65,086,000 after buying an additional 1,075,264 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

More Rollins News

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

Rollins Price Performance

ROL opened at $38.59 on Monday. The firm has a market capitalization of $18.57 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 4.14 and a beta of 0.75. 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 business’s 50-day moving average is $46.11 and its two-hundred day moving average is $53.72. Rollins, Inc. has a 1 year low of $36.59 and a 1 year high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Rollins, Inc. will post 1.21 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 1.9%. Rollins’s dividend payout ratio is presently 66.36%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ROL shares. Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a report on Friday. Loop Capital started coverage on shares of Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. UBS Group reissued a “neutral” rating and set a $43.00 target price on shares of Rollins in a research report on Friday. Canaccord Genuity Group set a $45.00 price target on shares of Rollins in a report on Thursday. Finally, Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $70.00 to $52.00 in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.