OMERS ADMINISTRATION Corp Acquires Shares of 15,077 Rollins, Inc. $ROL

OMERS ADMINISTRATION Corp bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,077 shares of the business services provider’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Rollins during the second quarter valued at approximately $1,204,334,000. Norges Bank bought a new position in Rollins in the 4th quarter valued at $244,669,000. Pictet Asset Management Holding SA increased its position in shares of Rollins by 188.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after purchasing an additional 1,899,515 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Rollins during the 2nd quarter valued at $65,993,000. Finally, Vanguard Group Inc. raised its stake in shares of Rollins by 4.3% during 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 purchasing an additional 1,562,241 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company lowered shares of Rollins from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $46.00 to $32.00 in a research report on Friday, July 24th. Bank of America reiterated a “neutral” rating and issued a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Argus downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial set a $35.00 price target on shares of Rollins in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins Stock Performance

Shares of ROL stock opened at $35.92 on Friday. The stock 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. 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 firm’s 50 day moving average is $40.50 and its 200 day moving average is $49.45. Rollins, Inc. has a 12 month low of $35.81 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date 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.