Chicago Partners Investment Group LLC Makes New Investment in Rollins, Inc. $ROL

Chicago Partners Investment Group LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,205 shares of the business services provider’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dumont & Blake Investment Advisors LLC bought a new stake in Rollins during the second quarter worth $201,000. Swmg LLC lifted its stake in Rollins by 13.7% during the second quarter. Swmg LLC now owns 11,762 shares of the business services provider’s stock worth $673,000 after purchasing an additional 1,413 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Rollins during the second quarter worth $875,000. Koshinski Asset Management Inc. lifted its stake in Rollins by 2.1% during the second quarter. Koshinski Asset Management Inc. now owns 16,876 shares of the business services provider’s stock worth $952,000 after purchasing an additional 351 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its stake in Rollins by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 148,474 shares of the business services provider’s stock worth $8,377,000 after purchasing an additional 1,181 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

NYSE ROL opened at $56.65 on Friday. The company has a market capitalization of $27.45 billion, a price-to-earnings ratio of 56.09 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12. The stock has a fifty day simple moving average of $56.91 and a 200 day simple moving average of $56.66. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same period in the prior year, the business posted $0.27 earnings per share. Rollins’s quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Piper Sandler upped their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target for the company. Finally, UBS Group upped their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.18.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.