Squarepoint Ops LLC Boosts Stock Holdings in Rollins, Inc. (NYSE:ROL)

Squarepoint Ops LLC grew its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 1,786.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,814 shares of the business services provider's stock after purchasing an additional 453,428 shares during the period. Squarepoint Ops LLC owned about 0.10% of Rollins worth $22,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Twinbeech Capital LP boosted its stake in shares of Rollins by 43.9% in the 4th quarter. Twinbeech Capital LP now owns 139,677 shares of the business services provider's stock valued at $6,474,000 after purchasing an additional 42,579 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Rollins by 2.4% in the 4th quarter. Tidal Investments LLC now owns 16,386 shares of the business services provider's stock valued at $759,000 after purchasing an additional 381 shares in the last quarter. State of Wyoming boosted its stake in shares of Rollins by 106.0% in the 4th quarter. State of Wyoming now owns 5,257 shares of the business services provider's stock valued at $244,000 after purchasing an additional 2,705 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Rollins by 7.0% in the 4th quarter. Toronto Dominion Bank now owns 151,593 shares of the business services provider's stock valued at $7,026,000 after purchasing an additional 9,930 shares in the last quarter. Finally, Shell Asset Management Co. boosted its stake in shares of Rollins by 42.1% in the 4th quarter. Shell Asset Management Co. now owns 24,430 shares of the business services provider's stock valued at $1,132,000 after purchasing an additional 7,232 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Up 0.7%

Shares of NYSE:ROL traded up $0.41 during mid-day trading on Tuesday, hitting $57.28. The company had a trading volume of 226,259 shares, compared to its average volume of 1,985,638. The firm has a fifty day moving average price of $54.97 and a 200 day moving average price of $51.36. The company has a market capitalization of $27.76 billion, a PE ratio of 59.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. Rollins, Inc. has a one year low of $45.00 and a one year high of $57.63.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Rollins's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. As a group, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.15%. Rollins's dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ROL shares. Royal Bank of Canada raised their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Canaccord Genuity Group raised their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays raised their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Finally, Morgan Stanley raised their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.57.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares of the company's stock, valued at approximately $509,866.20. This trade represents a 25.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the sale, the insider now directly owns 39,640 shares of the company's stock, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,987 shares of company stock worth $480,725 in the last quarter. 4.47% of the stock is owned by corporate insiders.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.