Caitong International Asset Management Co. Ltd Makes New $30,000 Investment in Rollins, Inc. $ROL

Caitong International Asset Management Co. Ltd purchased a new position in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 538 shares of the business services provider’s stock, valued at approximately $30,000.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Rollins in the 2nd quarter worth $77,000. Oppenheimer & Co. Inc. purchased a new stake in Rollins in the 1st quarter worth $464,000. QRG Capital Management Inc. lifted its stake in Rollins by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock worth $495,000 after purchasing an additional 572 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in Rollins in the 2nd quarter worth $256,000. Finally, Select Equity Group L.P. purchased a new stake in Rollins in the 1st quarter worth $27,398,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $56.65 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The firm has a market capitalization of $27.45 billion, a P/E ratio of 56.09 and a beta of 0.69. The company’s 50-day moving average is $56.91 and its 200 day moving average is $56.69.

Wall Street Analyst Weigh In

Several analysts have commented on ROL shares. Barclays boosted their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Piper Sandler lifted their price target on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, UBS Group upped their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.