Callan Family Office LLC Acquires New Stake in Rollins, Inc. $ROL

Callan Family Office LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 15,406 shares of the business services provider’s stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROL. Keating Financial Advisory Services Inc. bought a new stake in shares of Rollins in the second quarter valued at about $94,000. OneAscent Investment Solutions LLC acquired a new stake in Rollins in the 2nd quarter valued at approximately $279,000. OneAscent Financial Services LLC bought a new stake in Rollins in the 2nd quarter valued at approximately $243,000. Allworth Financial LP acquired a new position in Rollins during the 2nd quarter worth approximately $153,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Rollins during the 2nd quarter worth approximately $1,490,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 2.3%

NYSE ROL opened at $36.39 on Wednesday. Rollins, Inc. has a 12 month low of $35.83 and a 12 month high of $66.14. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $40.85 and a 200-day moving average of $49.85. The company has a market cap of $17.51 billion, a PE ratio of 33.08, a PEG ratio of 4.07 and a beta of 0.75.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share 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 firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Rollins’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Rollins, Inc. will post 1.19 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROL shares. Piper Sandler lowered 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. UBS Group reaffirmed a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Zacks Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.71.

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.