AXQ Capital LP Has $5.46 Million Holdings in Rollins, Inc. $ROL

Key Points

• AXQ Capital increased its Rollins stake by 452.4% in the second quarter, ending with 130,877 shares valued at approximately $5.46 million. Institutional investors collectively own 51.79% of Rollins.
• Rollins reported quarterly EPS of $0.32, below the $0.34 consensus estimate, while revenue of $1.08 billion also slightly missed expectations; revenue nevertheless grew 7.9% year over year.
• The company declared a quarterly dividend of $0.1825 per share, equivalent to $0.73 annually and a 2.0% yield. Analyst sentiment is currently “Hold,” with a consensus price target of $48.71.

AXQ Capital LP lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 452.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,877 shares of the business services provider's stock after acquiring an additional 107,184 shares during the period. Rollins makes up 0.6% of AXQ Capital LP's portfolio, making the stock its 14th largest holding. AXQ Capital LP's holdings in Rollins were worth $5,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ROL. National Pension Service boosted its stake in Rollins by 138.3% during the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider's stock worth $3,078,000 after buying an additional 29,758 shares in the last quarter. Dudley & Shanley Inc. raised its stake in shares of Rollins by 8.8% in the 2nd quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider's stock valued at $20,689,000 after buying an additional 39,925 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Rollins by 16.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider's stock valued at $11,551,000 after buying an additional 31,173 shares in the last quarter. USS Investment Management Ltd lifted its holdings in shares of Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider's stock worth $167,260,000 after acquiring an additional 1,123,237 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Rollins by 73.3% during the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider's stock worth $100,365,000 after acquiring an additional 794,722 shares during the period. Institutional investors own 51.79% of the company's stock.

Rollins Trading Down 0.2%

ROL stock opened at $35.65 on Friday. The company has a market cap of $17.15 billion, a P/E ratio of 32.41, a PEG ratio of 3.84 and a beta of 0.74. Rollins, Inc. has a twelve month low of $35.47 and a twelve month high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $39.67 and a 200-day moving average of $48.52.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. Rollins's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. As a group, equities research analysts expect that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced 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 is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. Rollins's dividend payout ratio (DPR) is 66.36%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Citigroup started coverage on Rollins in a research note on Wednesday, July 15th. They issued a "neutral" rating and a $46.00 price target on the stock. Bank of America reiterated a "neutral" rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. Sanford C. Bernstein cut Rollins from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $70.00 to $52.00 in a report on Friday, May 29th. Argus downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada lowered shares of Rollins from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $48.71.

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.

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