Y Intercept Hong Kong Ltd Buys 52,147 Shares of Rollins, Inc. $ROL

Y Intercept Hong Kong Ltd raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 181.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,936 shares of the business services provider’s stock after purchasing an additional 52,147 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Rollins were worth $4,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ROL. National Pension Service grew 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 valued at $3,078,000 after buying an additional 29,758 shares during the last quarter. Mirabella Financial Services LLP bought a new position in Rollins in the 3rd quarter worth $1,739,000. Jefferies Financial Group Inc. lifted its position in Rollins by 607.7% during the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after acquiring an additional 68,647 shares during the last quarter. Mackenzie Financial Corp lifted its position in Rollins by 62.3% during the 3rd quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock worth $90,981,000 after acquiring an additional 594,735 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in 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 acquiring an additional 292,062 shares during the period. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price target on shares of Rollins in a research report on Thursday, April 23rd. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. UBS Group raised their target price on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Loop Capital started coverage on Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.07.

Rollins Stock Performance

NYSE ROL opened at $43.41 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm 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. The company’s fifty day moving average is $49.38 and its two-hundred day moving average is $55.47. Rollins, Inc. has a 52-week low of $41.50 and a 52-week high of $66.14.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS 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 during the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts forecast that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed 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 was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.7%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Rollins 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.