ExodusPoint Capital Management LP Has $22.09 Million Stake in Rollins, Inc. $ROL

ExodusPoint Capital Management LP raised its position in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 729.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 367,999 shares of the business services provider’s stock after acquiring an additional 323,648 shares during the period. ExodusPoint Capital Management LP’s holdings in Rollins were worth $22,087,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of Rollins by 528.4% during 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 in the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Rollins during the fourth quarter worth approximately $30,000. Torren Management LLC acquired a new stake in shares of Rollins during the fourth quarter worth approximately $36,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Rollins during the fourth quarter worth approximately $43,000. Finally, Quarry LP increased its holdings in shares of Rollins by 155.2% during the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

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Rollins Stock Performance

Shares of Rollins stock opened at $46.82 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market cap of $22.54 billion, a P/E ratio of 42.96, a P/E/G ratio of 2.89 and a beta of 0.73. The firm has a 50 day simple moving average of $52.25 and a 200 day simple moving average of $57.00. Rollins, Inc. has a fifty-two week low of $44.43 and a fifty-two week high of $66.14.

Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. Rollins’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. Sell-side analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ROL shares. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Bank of America started coverage on shares of Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective for the company. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Weiss Ratings lowered shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Read Our Latest Research Report on ROL

Rollins Company Profile

(Free Report)

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.

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