Rollins, Inc. $ROL Shares Purchased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC more than doubled its Rollins stake by 116.7% in the second quarter, acquiring 802,986 additional shares for a total position worth approximately $62.2 million. Institutional investors and hedge funds collectively own 51.79% of the company.
• Rollins reported quarterly EPS of $0.32, below the $0.34 analyst consensus, while revenue rose 7.9% year over year to $1.08 billion. The stock opened at $34.99, near its 52-week low of $34.95.
• The company declared a quarterly dividend of $0.1825 per share, equivalent to an annualized $0.73 payout and a 2.1% yield. Analyst sentiment is mixed, with a consensus rating of Hold and an average price target of $48.71.

Squarepoint Ops LLC increased its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 116.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,491,257 shares of the business services provider's stock after acquiring an additional 802,986 shares during the period. Squarepoint Ops LLC owned approximately 0.31% of Rollins worth $62,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider's stock worth $1,663,000 after purchasing an additional 1,620 shares during the period. Empowered Funds LLC raised its holdings in Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider's stock valued at $347,000 after buying an additional 918 shares during the period. Woodline Partners LP lifted its position in Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider's stock valued at $1,282,000 after buying an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock valued at $47,000 after buying an additional 375 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider's stock valued at $20,803,000 after buying an additional 239,361 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Performance

NYSE ROL opened at $34.99 on Wednesday. The company has a market cap of $16.84 billion, a P/E ratio of 31.81, a P/E/G ratio of 3.86 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a 50-day moving average of $39.26 and a two-hundred day moving average of $48.01. Rollins, Inc. has a 1-year low of $34.95 and a 1-year high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. As a group, analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 10th. Rollins's dividend payout ratio is presently 66.36%.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Rollins from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Barclays set a $45.00 price objective on shares of Rollins and gave the stock an "overweight" rating in a report on Friday, July 24th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Wells Fargo & Company downgraded shares of Rollins from an "overweight" rating to an "underweight" rating and dropped their target price for the company from $46.00 to $32.00 in a report on Friday, July 24th. Finally, Piper Sandler cut their target price on Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Rollins currently has an average rating of "Hold" and a consensus price target of $48.71.

Rollins Company Profile

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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