Amundi Acquires 771,578 Shares of Rollins, Inc. $ROL

Amundi grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 71.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,851,904 shares of the business services provider's stock after purchasing an additional 771,578 shares during the period. Amundi owned approximately 0.38% of Rollins worth $77,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. BlackRock Inc. bought a new stake in Rollins in the second quarter worth $1,204,334,000. California State Teachers Retirement System raised its holdings in Rollins by 5,022.4% in the second quarter. California State Teachers Retirement System now owns 20,917,333 shares of the business services provider's stock worth $873,089,000 after buying an additional 20,508,985 shares during the last quarter. State Street Corp lifted its stake in shares of Rollins by 4.7% in the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider's stock worth $771,279,000 after buying an additional 575,946 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Rollins by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider's stock worth $608,256,000 after buying an additional 626,866 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Rollins by 8.2% during the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider's stock valued at $365,473,000 after buying an additional 461,869 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ROL shares. Sanford C. Bernstein lowered shares of Rollins from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $70.00 to $52.00 in a report on Friday, May 29th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $45.00 price objective (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. Piper Sandler reduced their price objective on Rollins from $72.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, July 24th. BNP Paribas Exane decreased their target price on Rollins from $63.00 to $44.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, Barclays set a $45.00 target price on shares of Rollins and gave the stock an "overweight" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $48.71.

Rollins Stock Performance

Shares of NYSE ROL opened at $34.52 on Thursday. Rollins, Inc. has a 12-month low of $34.35 and a 12-month high of $66.14. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $39.11 and a 200 day moving average of $47.83.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $0.1825 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.1%. Rollins's dividend payout ratio (DPR) is 66.36%.

About Rollins

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.

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