AXQ Capital LP Invests $1.23 Million in Rollins, Inc. $ROL

AXQ Capital LP purchased a new position in Rollins, Inc. (NYSE:ROL) during the fourth quarter, Holdings Channel.com reports. The firm purchased 20,516 shares of the business services provider’s stock, valued at approximately $1,231,000.

A number of other hedge funds have also modified their holdings of ROL. Cornerstone Planning Group LLC increased its stake in shares of Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Rollins in the fourth quarter worth $30,000. Torren Management LLC acquired a new position in shares of Rollins in the fourth quarter worth $36,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Rollins in the fourth quarter worth $43,000. Finally, Root Financial Partners LLC increased its stake in shares of Rollins by 47.3% in the fourth quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock worth $47,000 after acquiring an additional 251 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Down 2.6%

ROL stock opened at $46.36 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. Rollins, Inc. has a 52-week low of $46.07 and a 52-week high of $66.14. The company has a 50-day moving average of $53.68 and a two-hundred day moving average of $57.97. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (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 company had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, May 11th. Rollins’s dividend payout ratio (DPR) is presently 66.97%.

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Rollins announced that management will present at the William Blair 46th Annual Growth Stock Conference on June 3, giving investors a chance to hear directly from leadership and potentially reinforce confidence in the company’s strategy and outlook. ROLLINS TO PRESENT AT UPCOMING INVESTOR CONFERENCES
• Neutral Sentiment: Coverage also noted a new CFO transition at Rollins, which could prompt investors to watch for any changes in financial policy, disclosure quality, or capital allocation priorities. Will Rollins’ (ROL) CFO Transition Subtly Recast Its Capital Discipline And Transparency Story?
• Negative Sentiment: Unrelated news about wrestler Seth Rollins is likely adding ticker confusion but does not reflect Rollins, Inc.’s fundamentals; however, this kind of name overlap can create short-term noise around the stock. Monday Night Raw results: Seth Rollins battles Bron Brakker. How to watch

Analyst Ratings Changes

A number of research firms have recently weighed in on ROL. Morgan Stanley set a $70.00 price target on shares of Rollins in a research note on Friday, February 13th. Weiss Ratings downgraded shares of Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Loop Capital initiated coverage on shares of Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. Royal Bank Of Canada set a $67.00 price objective on shares of Rollins and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.00.

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.