Gamco Investors INC. ET AL Trims Stock Position in Rollins, Inc. $ROL

Gamco Investors INC. ET AL lessened its holdings in Rollins, Inc. (NYSE:ROL) by 4.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,321,307 shares of the business services provider’s stock after selling 61,513 shares during the period. Rollins comprises approximately 0.7% of Gamco Investors INC. ET AL’s holdings, making the stock its 23rd biggest position. Gamco Investors INC. ET AL’s holdings in Rollins were worth $70,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROL. National Pension Service raised its stake in shares of Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after buying an additional 29,758 shares during the period. Moody Lynn & Lieberson LLC increased its holdings in Rollins by 718.8% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 32,244 shares of the business services provider’s stock worth $1,935,000 after acquiring an additional 28,306 shares in the last quarter. Bessemer Group Inc. raised its stake in Rollins by 11,772.1% during the 4th quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock worth $65,086,000 after acquiring an additional 1,075,264 shares during the period. USS Investment Management Ltd raised its stake in Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after acquiring an additional 1,123,237 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in Rollins by 65.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 44,265 shares of the business services provider’s stock valued at $2,657,000 after purchasing an additional 17,546 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

More Rollins News

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROL. Bank of America reissued a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a research note on Thursday. Citigroup initiated coverage on shares of Rollins in a report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. Raymond James Financial set a $35.00 price target on Rollins in a research note on Thursday. UBS Group reissued a “neutral” rating and set a $43.00 price target on shares of Rollins in a report on Friday. Finally, Loop Capital began coverage on Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and a consensus target price of $48.71.

Rollins Price Performance

Shares of NYSE:ROL opened at $38.59 on Friday. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.46 and a beta of 0.75. The firm has a fifty day moving average price of $46.11 and a 200 day moving average price of $53.76. Rollins, Inc. has a fifty-two week low of $36.59 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.63.

Rollins (NYSE:ROL) last announced its quarterly 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, sell-side analysts expect that Rollins, Inc. will post 1.23 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 10th. Rollins’s payout ratio is 66.97%.

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.