Wealthfront Advisers LLC Acquires Shares of 80,115 Rollins, Inc. $ROL

Wealthfront Advisers LLC purchased a new position in Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,115 shares of the business services provider’s stock, valued at approximately $3,344,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROL. DV Equities LLC bought a new position in shares of Rollins in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC raised its holdings in Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the last quarter. Torren Management LLC bought a new position in Rollins in the 4th quarter valued at approximately $36,000. Fideuram Asset Management Ireland dac bought a new position in shares of Rollins during the fourth quarter valued at $43,000. Finally, Quarry LP lifted its stake in Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.1%

Shares of ROL opened at $36.31 on Friday. 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 business has a fifty day moving average of $41.45 and a 200 day moving average of $50.41. The company has a market cap of $17.47 billion, a PE ratio of 33.01, a P/E/G ratio of 3.96 and a beta of 0.75. Rollins, Inc. has a 52-week low of $35.83 and a 52-week high of $66.14.

Rollins (NYSE:ROL) last posted 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 firm 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 firm earned $0.30 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. Rollins’s payout ratio is currently 66.36%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut Rollins from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $46.00 to $32.00 in a report on Friday, July 24th. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Barclays set a $45.00 target price on Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein lowered shares of 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 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.71.

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.