Man Group plc Takes $19.04 Million Position in Rollins, Inc. $ROL

Man Group plc bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 456,229 shares of the business services provider’s stock, valued at approximately $19,043,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 acquiring an additional 1,562,241 shares during the period. BlackRock Inc. acquired a new stake in shares of Rollins during the second quarter worth $1,204,334,000. State Street Corp raised its holdings in shares of Rollins by 4.7% during the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after acquiring an additional 575,946 shares during the period. Geode Capital Management LLC lifted its position in Rollins by 6.6% in 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 acquiring an additional 626,866 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Rollins by 8.2% in the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after acquiring an additional 461,869 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ROL shares. Raymond James Financial set a $35.00 target price on Rollins in a report on Thursday, July 23rd. Barclays set a $45.00 price target on Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. Citigroup started coverage on Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective for the company. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Finally, Piper Sandler dropped their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.71.

Rollins Stock Down 2.1%

Shares of ROL stock opened at $35.92 on Friday. 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 1 year low of $35.81 and a 1 year high of $66.14. The firm’s fifty day moving average price is $40.50 and its two-hundred day moving average price is $49.45. The firm has a market capitalization of $17.29 billion, a P/E ratio of 32.66, a PEG ratio of 4.02 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its quarterly earnings data 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). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities analysts predict that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.0%. Rollins’s dividend payout ratio is 66.36%.

Rollins Company 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.