Rollins, Inc. $ROL Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its holdings in Rollins, Inc. (NYSE:ROL) by 74.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 57,842 shares of the business services provider’s stock after selling 168,665 shares during the quarter. Tidal Investments LLC’s holdings in Rollins were worth $2,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. WINTON GROUP Ltd purchased a new stake in Rollins during the second quarter worth approximately $3,619,000. Engineers Gate Manager LP purchased a new position in Rollins in the second quarter valued at approximately $14,908,000. NewEdge Advisors LLC increased its stake in Rollins by 18.7% in the second quarter. NewEdge Advisors LLC now owns 7,265 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 1,143 shares during the last quarter. IFP Advisors Inc raised its holdings in Rollins by 14.9% during the second quarter. IFP Advisors Inc now owns 11,347 shares of the business services provider’s stock worth $474,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Rollins by 116.7% during the second quarter. Squarepoint Ops LLC now owns 1,491,257 shares of the business services provider’s stock worth $62,245,000 after purchasing an additional 802,986 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $33.82 on Wednesday. The stock has a market cap of $16.27 billion, a P/E ratio of 30.74, a P/E/G ratio of 3.80 and a beta of 0.74. Rollins, Inc. has a twelve month low of $33.75 and a twelve month high of $66.14. The stock has a 50 day moving average of $38.41 and a two-hundred day moving average of $47.10. 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 (NYSE:ROL) last announced 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%.The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, research analysts forecast that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $0.1825 per share. The ex-dividend date was Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.2%. Rollins’s dividend payout ratio is currently 66.36%.

Wall Street Analyst Weigh In

ROL has been the subject of several research analyst reports. Zacks Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Barclays set a $45.00 price target on shares of Rollins and gave the stock an “overweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Morgan Stanley decreased their price objective on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, UBS Group reaffirmed a “neutral” rating and set a $43.00 price objective (down from $50.00) on shares of Rollins in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Hold” and an average price target of $48.71.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.