Squarepoint Ops LLC Grows Stock Position in Rollins, Inc. $ROL

Squarepoint Ops LLC increased its stake in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 116.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,491,257 shares of the business services provider’s stock after purchasing an additional 802,986 shares during the quarter. Squarepoint Ops LLC’s holdings in Rollins were worth $62,245,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. DV Equities LLC purchased a new position in shares of Rollins in the 4th quarter valued at about $25,000. Raiffeisen Bank International AG increased its stake in shares of Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after buying an additional 272 shares during the period. Westpac Banking Corp purchased a new stake in shares of Rollins during the second quarter worth approximately $42,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Rollins during the fourth quarter worth approximately $43,000. Finally, Quarry LP raised its holdings in Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

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Rollins Price Performance

Shares of NYSE ROL opened at $34.99 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins, Inc. has a fifty-two week low of $34.95 and a fifty-two week high of $66.14. The firm has a market capitalization of $16.84 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 3.86 and a beta of 0.74. The stock’s 50-day simple moving average is $39.26 and its 200-day simple moving average is $48.01.

Rollins (NYSE:ROL – Get Free Report) 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). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.Rollins’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The business 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 dividend of $0.1825 per share. 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 2.1%. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Analyst Ratings Changes

ROL has been the subject of a number of recent research reports. Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $45.00 price objective (down from $70.00) on shares of Rollins in a report on Friday, July 24th. 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, Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.71.

View Our Latest Research Report on ROL

About Rollins

(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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