OMERS ADMINISTRATION Corp Makes New $629,000 Investment in Rollins, Inc. $ROL

OMERS ADMINISTRATION Corp bought a new position in Rollins, Inc. (NYSE:ROL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,077 shares of the business services provider’s stock, valued at approximately $629,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. DV Equities LLC acquired a new stake in shares of Rollins during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its stake in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 354 shares in the last quarter. Torren Management LLC acquired a new position in shares of Rollins during the 4th quarter valued at $36,000. Westpac Banking Corp acquired a new position in shares of Rollins during the 2nd quarter valued at $42,000. Finally, Fideuram Asset Management Ireland dac bought a new position in Rollins during the fourth quarter worth $43,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Down 2.1%

Shares of NYSE:ROL opened at $35.92 on Friday. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 4.02 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, Inc. has a 12-month low of $35.81 and a 12-month high of $66.14. The business’s 50 day moving average is $40.50 and its 200 day moving average is $49.45.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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 paid a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s dividend payout ratio is presently 66.36%.

Analysts Set New Price Targets

ROL has been the subject of a number of research reports. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Citigroup initiated coverage on shares of Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective on the stock. Raymond James Financial set a $35.00 price objective on shares of Rollins in a research report on Thursday, July 23rd. Barclays set a $45.00 price objective on shares of Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, BNP Paribas Exane decreased their target price on Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a research report on Friday, July 24th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.71.

About Rollins

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.