Rollins, Inc. $ROL Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Rollins, Inc. (NYSE:ROL) by 181.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,936 shares of the business services provider’s stock after purchasing an additional 52,147 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Rollins were worth $4,323,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. National Pension Service increased its stake in Rollins by 138.3% in the 4th quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after purchasing an additional 29,758 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in Rollins during the 3rd quarter valued at $1,739,000. Jefferies Financial Group Inc. lifted its holdings in shares of Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock valued at $4,696,000 after purchasing an additional 68,647 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock worth $90,981,000 after buying an additional 594,735 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Rollins by 52.1% during the fourth quarter. Nordea Investment Management AB now owns 852,362 shares of the business services provider’s stock valued at $51,363,000 after buying an additional 292,062 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

ROL stock opened at $43.41 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $20.90 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 2.67 and a beta of 0.75. Rollins, Inc. has a 12 month low of $41.50 and a 12 month high of $66.14. The firm has a 50 day moving average of $49.38 and a two-hundred day moving average of $55.47.

Rollins (NYSE:ROL) last released 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. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. During the same quarter last year, the firm earned $0.22 EPS. Rollins’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were given 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 1.7%. Rollins’s payout ratio is currently 66.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROL shares. Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. UBS Group increased their price target on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings downgraded shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company set a $46.00 target price on shares of Rollins and gave the company an “equal weight” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average price target of $63.07.

About Rollins

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.