Oak Thistle LLC Buys Stake in Rollins Inc.
Oak Thistle LLC, an investment management firm, has recently purchased a stake in Rollins Inc. According to their most recent Form 13F filing with the Securities & Exchange Commission, Oak Thistle took ownership of 6,430 shares of Rollins stock with an approximate value of $235,000.
Rollins Inc., a business services provider operating subsidiaries that offer pest and termite control services to residential and commercial customers worldwide, had improved earnings results during its last quarter. For Q1 of 2021, Rollins reported $0.18 EPS (earnings per share), exceeding the previous quarter’s $0.15 EPS by $0.01. Analysts predict that the company will post an EPS of 0.81 for the current fiscal year.
The strong financial performance of Rollins can be attributed to their innovative solutions and quality customer service. The company continues to expand its footprint not only in the United States but also around the globe by providing pest and termite control services on a global scale.
Oak Thistle’s purchase of shares in Rollins is seen as a strategic move as it signals confidence that the business will continue to perform well into the future. As Oak Thistle manages stakes in several prominent companies, their presence among Rollins shareholders positions them as influential players in shaping the future direction of this growing enterprise.
Rollins and Oak Thistle are both committed to excellence in all aspects of their respective fields, continually striving for innovation while maintaining strict standards for operations and performance. This alignment provides investors with confidence in their ability to continue delivering value over time while working towards creating new opportunities that will benefit both parties involved.
Overall, Oak Thistle’s latest acquisition signals positive momentum for growth potential within Rollins Inc., whose expertise extends beyond just pest control and termite services but towards innovative technologies that provide solutions contributing towards environmental sustainability globally without sacrificing quality or convenience.
Rollins Inc’s Impressive Growth Trajectory Attracts Attention from Institutional Investors and Hedge Funds
Rollins Inc’s impressive growth trajectory and consistent revenue generation has attracted the attention of a number of institutional investors and hedge funds recently. Daiwa Securities Group Inc saw a 3.1% increase in its position in Rollins during the last quarter, owning 15,335 shares worth $560,000 after acquiring an additional 456 shares. Westpac Banking Corp also lifted its position in Rollins by 2.0% during the fourth quarter, owning 15,402 shares valued at $563,000 after acquiring an additional 298 shares. Meanwhile, Pacer Advisors Inc had a massive surge of over 1,200% in its position in Rollins to acquire 5,980 additional shares worth $236,000 during the same period.
Banque Pictet & Cie SA lifted its position in Rollins by 0.6% to own more than one million shares worth around $44.8 million after acquiring an additional 7,428 shares during the quarter. Asset Management One Co. Ltd increased its holding in Rollins by almost four percent to own more than 106 thousand shares worth approximately $3.9 million followed by other institutional investors who hold a significant stake of approximately 39% of the company’s stock overall.
Rollins provides pest and termite control services across North and South America as well as the Caribbean, Europe and Asia where they have gained credibility due to their robust customer engagement programs centered around residential and commercial customers’ unique needs.
While there are practically even split opinions about Rollin’s share performance amongst several investment analysts that provide coverage on the stock with a consensus price target hovering around $44 per share; Redburn Partners’ recent coverage rating placed it as “buy” with glowing prospects projected for this typical low-tech business sector which is demanded now more than ever before due to increased hygiene concerns globally.
Meanwhile with a debt-to-equity ratio of just .03 and a quick ratio of .65, Rollins Inc looks well positioned for growth and an expansion in its customer base. The company currently has a market capitalization of approximately $20.50 billion, with shares opening at $41.60 on Friday’s trading day riding high on its continued innovation towards providing eco-friendly pest control solutions. Rollins is ready to deliver results driven by tailored services to their diverse clientele as they move into the future with confidence.
