Oppenheimer Asset Management Inc. Takes $5.30 Million Position in Rollins, Inc. $ROL

Oppenheimer Asset Management Inc. purchased a new position in Rollins, Inc. (NYSE:ROL) during the second quarter, HoldingsChannel.com reports. The fund purchased 126,873 shares of the business services provider’s stock, valued at approximately $5,296,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after buying an additional 1,620 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 918 shares in the last quarter. Woodline Partners LP raised its position in shares of Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Rollins by 185.0% in the 2nd quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after purchasing an additional 239,361 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

ROL has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 target price (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. Citigroup initiated coverage on shares of Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price target on the stock. Bank of America reissued a “neutral” rating and set a $35.00 price target (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $70.00 to $52.00 in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Performance

Shares of ROL stock opened at $36.23 on Friday. The company has a 50 day moving average price of $42.34 and a 200-day moving average price of $51.25. Rollins, Inc. has a 52 week low of $35.97 and a 52 week high of $66.14. The firm has a market capitalization of $17.43 billion, a PE ratio of 32.93, a P/E/G ratio of 3.95 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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 net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Rollins, Inc. will post 1.19 earnings per share for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s dividend payout ratio is presently 66.36%.

Rollins 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.