RB Capital Management LLC Purchases Shares of 22,993 Rollins, Inc. $ROL

RB Capital Management LLC acquired a new stake in Rollins, Inc. (NYSE:ROL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,993 shares of the business services provider’s stock, valued at approximately $960,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Rollins in the second quarter valued at approximately $1,204,334,000. Norges Bank acquired a new position in Rollins in the 4th quarter worth approximately $244,669,000. Legal & General Group Plc acquired a new stake in Rollins during the 2nd quarter valued at approximately $84,181,000. Pictet Asset Management Holding SA boosted its holdings in shares of Rollins by 188.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after acquiring an additional 1,899,515 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Rollins in the 2nd quarter valued at $65,993,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of NYSE ROL opened at $36.43 on Friday. The stock has a market capitalization of $17.53 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 3.94 and a beta of 0.75. Rollins, Inc. has a 12 month low of $35.81 and a 12 month high of $66.14. The firm’s 50 day simple moving average is $40.33 and its 200-day simple moving average is $49.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.30 earnings per share. Rollins’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts expect that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ROL. UBS Group reiterated a “neutral” rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. Canaccord Genuity Group set a $45.00 target price on shares of Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Finally, Royal Bank Of Canada lowered Rollins from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.