Rollins, Inc. (NYSE:ROL) Shares Bought by Quadrature Capital Ltd

Posted by Defense World Staff on Mar 12th, 2023

Quadrature Capital Ltd grew its position in Rollins, Inc. (NYSE:ROL – Get Rating) by 100.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,631 shares of the business services provider’s stock after buying an additional 6,847 shares during the period. Quadrature Capital Ltd’s holdings in Rollins were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. CWM LLC grew its position in Rollins by 10.3% in the third quarter. CWM LLC now owns 2,735 shares of the business services provider’s stock worth $95,000 after acquiring an additional 255 shares during the period. RB Capital Management LLC grew its holdings in shares of Rollins by 1.1% during the 3rd quarter. RB Capital Management LLC now owns 26,086 shares of the business services provider’s stock worth $905,000 after purchasing an additional 279 shares during the period. M&T Bank Corp increased its position in shares of Rollins by 2.3% during the 2nd quarter. M&T Bank Corp now owns 13,398 shares of the business services provider’s stock worth $433,000 after purchasing an additional 299 shares during the last quarter. Bell Bank raised its holdings in Rollins by 0.7% in the 3rd quarter. Bell Bank now owns 43,174 shares of the business services provider’s stock valued at $1,497,000 after buying an additional 314 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Rollins by 22.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,813 shares of the business services provider’s stock valued at $63,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 38.98% of the company’s stock.

Rollins Stock Down 0.4 %

Shares of NYSE:ROL opened at $34.67 on Friday. The firm’s 50-day moving average is $35.99 and its two-hundred day moving average is $37.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.71 and a quick ratio of 0.65. Rollins, Inc. has a 1 year low of $31.43 and a 1 year high of $43.06. The firm has a market capitalization of $17.07 billion, a PE ratio of 46.85 and a beta of 0.65.

Rollins (NYSE:ROL – Get Rating) last announced its earnings results on Wednesday, February 15th. The business services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The firm had revenue of $661.40 million for the quarter, compared to the consensus estimate of $661.44 million. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts predict that Rollins, Inc. will post 0.8 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 10th were issued a $0.13 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.52 dividend on an annualized basis and a yield of 1.50%. Rollins’s dividend payout ratio (DPR) is presently 70.27%.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 2,129 shares of the stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $36.57, for a total value of $77,857.53. Following the sale, the insider now owns 96,960 shares of the company’s stock, valued at approximately $3,545,827.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 53.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Redburn Partners initiated coverage on shares of Rollins in a report on Wednesday, February 1st. They issued a “buy” rating and a $62.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.25.

Rollins Company Profile

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.