Cornerstone Advisors LLC Buys Shares of 294,005 Rollins, Inc. $ROL

Cornerstone Advisors LLC bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, Holdings Channel reports. The fund bought 294,005 shares of the business services provider’s stock, valued at approximately $12,272,000.

Several other large investors also recently modified their holdings of ROL. Vanguard Group Inc. lifted its stake in Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after purchasing an additional 1,562,241 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Rollins in the second quarter valued at $1,204,334,000. State Street Corp lifted its position in shares of Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock valued at $771,279,000 after buying an additional 575,946 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after buying an additional 626,866 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after acquiring an additional 461,869 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the subject of several recent research reports. Weiss Ratings lowered Rollins from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Piper Sandler dropped their price objective on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Zacks Research lowered shares of Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Citigroup began coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price objective for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $43.00 target price (down from $50.00) on shares of Rollins in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Down 0.6%

Shares of NYSE:ROL opened at $35.97 on Tuesday. The stock’s 50-day moving average price is $42.13 and its 200-day moving average price is $50.97. 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 $35.92 and a 12-month high of $66.14. The stock has a market capitalization of $17.31 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 3.95 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.30 earnings per share. Rollins’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that Rollins, Inc. will post 1.19 earnings per share for the current 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 paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s payout ratio is presently 66.36%.

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.