RB Capital Management LLC Makes New $960,000 Investment in Rollins, Inc. $ROL

RB Capital Management LLC acquired a new stake in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 22,993 shares of the business services provider’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. DV Equities LLC acquired a new position in shares of Rollins during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 354 shares during the period. Torren Management LLC acquired a new stake in Rollins in the 4th quarter valued at $36,000. Westpac Banking Corp purchased a new stake in Rollins in the 2nd quarter worth $42,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Rollins in the 4th quarter worth $43,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Trading Up 1.4%

Shares of ROL opened at $36.43 on Friday. Rollins, Inc. has a 52-week low of $35.81 and a 52-week high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $40.33 and its two-hundred day moving average is $49.36. The stock has a market cap of $17.53 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.94 and a beta of 0.75.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (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 analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.Rollins’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. Research analysts forecast that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm 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 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio is currently 66.36%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROL. Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $52.00 to $40.00 in a report on Thursday, July 23rd. BNP Paribas Exane cut their target price on shares of Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Citigroup assumed coverage on shares of Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 price target on the stock. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Finally, Bank of America reiterated a “neutral” rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Rollins currently has an average rating of “Hold” and an average price target 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.