Caisse DE Depot ET Placement DU Quebec Grows Stock Position in Rollins, Inc. (NYSE:ROL)

Caisse DE Depot ET Placement DU Quebec boosted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,351,857 shares of the business services provider's stock after buying an additional 146,570 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.28% of Rollins worth $62,659,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Voleon Capital Management LP acquired a new position in Rollins during the fourth quarter worth $1,246,000. Schonfeld Strategic Advisors LLC lifted its position in shares of Rollins by 736.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider's stock worth $3,821,000 after purchasing an additional 72,581 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in shares of Rollins by 12.0% in the fourth quarter. AdvisorShares Investments LLC now owns 152,126 shares of the business services provider's stock valued at $7,051,000 after purchasing an additional 16,310 shares during the period. Lido Advisors LLC lifted its holdings in Rollins by 45.3% during the 4th quarter. Lido Advisors LLC now owns 12,808 shares of the business services provider's stock worth $594,000 after buying an additional 3,994 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after acquiring an additional 322,610 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rollins

In related news, insider Traci Hornfeck sold 3,224 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares of the company's stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company's stock, valued at $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,259 shares of company stock worth $1,047,330. 4.47% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on ROL. Royal Bank of Canada increased their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Canaccord Genuity Group increased their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. StockNews.com raised shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Barclays increased their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Finally, Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.57.

Rollins Stock Performance

Shares of NYSE:ROL traded up $0.13 during trading on Wednesday, reaching $56.94. The company had a trading volume of 285,747 shares, compared to its average volume of 2,003,154. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The stock's fifty day moving average price is $53.67 and its 200 day moving average price is $50.52. Rollins, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $57.34. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 59.31 and a beta of 0.79.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm's revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.16%. Rollins's dividend payout ratio is currently 66.67%.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.