NewEdge Wealth LLC Trims Stock Holdings in Rollins, Inc. $ROL

NewEdge Wealth LLC lowered its holdings in Rollins, Inc. (NYSE:ROL) by 14.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,671 shares of the business services provider’s stock after selling 13,813 shares during the period. NewEdge Wealth LLC’s holdings in Rollins were worth $4,255,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. National Pension Service grew its position 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 valued at $3,078,000 after purchasing an additional 29,758 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake 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 purchasing an additional 28,306 shares during the period. Bessemer Group Inc. grew its holdings 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 valued at $65,086,000 after buying an additional 1,075,264 shares in the last quarter. USS Investment Management Ltd increased its position in shares of Rollins by 55.9% during the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after buying an additional 1,123,237 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of 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 buying an additional 17,546 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Rollins

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 Ratings Changes

A number of equities research analysts have recently issued reports on ROL shares. Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Barclays set a $45.00 target price on shares of Rollins and gave the stock an “overweight” rating in a report on Friday. Piper Sandler lowered their target price on shares of Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday. Bank of America reissued a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a report on Thursday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $67.00 price target on shares of Rollins in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.71.

Rollins Stock Performance

NYSE:ROL opened at $38.59 on Friday. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.46 and a beta of 0.75. The business has a 50 day moving average of $46.11 and a 200 day moving average of $53.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.59. Rollins, Inc. has a 1-year low of $36.59 and a 1-year high of $66.14.

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

Rollins Dividend Announcement

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

Rollins Company 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.