ExodusPoint Capital Management LP Purchases 323,648 Shares of Rollins, Inc. $ROL

ExodusPoint Capital Management LP lifted its stake in Rollins, Inc. (NYSE:ROL) by 729.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 367,999 shares of the business services provider’s stock after buying an additional 323,648 shares during the period. ExodusPoint Capital Management LP owned about 0.08% of Rollins worth $22,087,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted 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 valued at $26,000 after buying an additional 354 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of Rollins in the fourth quarter valued at about $30,000. Torren Management LLC bought a new stake in shares of Rollins in the fourth quarter valued at about $36,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Rollins in the fourth quarter valued at about $43,000. Finally, Quarry LP lifted its stake in shares of Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after buying an additional 450 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Down 0.2%

Shares of ROL opened at $46.82 on Wednesday. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 42.96, a P/E/G ratio of 2.89 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12 month low of $44.43 and a 12 month high of $66.14. The company has a 50-day moving average price of $52.25 and a two-hundred day moving average price of $57.00.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. During the same period in the prior year, the business posted $0.22 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were issued a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. Rollins’s dividend payout ratio is presently 66.97%.

Analyst Upgrades and Downgrades

ROL has been the subject of several research reports. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Bank of America initiated coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 target price for the company. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company reduced their target price on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

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.