Amundi Grows Stock Holdings in Rollins, Inc. $ROL

Key Points

• Amundi has significantly increased its stake in Rollins, Inc. by 109.3% during the first quarter, owning approximately 1.375 million shares worth around $76.9 million.
• Analysts have generally rated Rollins as a "Moderate Buy," with a consensus price target of $61.40, reflecting optimistic growth expectations.
• Rollins recently announced a quarterly dividend of $0.165 per share, which will be paid to shareholders on September 10th, representing a dividend yield of 1.2%.

Amundi raised its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 109.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,375,880 shares of the business services provider's stock after buying an additional 718,646 shares during the quarter. Amundi owned about 0.28% of Rollins worth $76,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City Holding Co. purchased a new position in shares of Rollins in the 1st quarter valued at approximately $27,000. GW&K Investment Management LLC raised its position in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares during the last quarter. CVA Family Office LLC raised its position in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after purchasing an additional 411 shares during the last quarter. Finally, National Pension Service raised its position in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after purchasing an additional 462 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROL. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and increased their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. UBS Group increased their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Argus began coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Rollins currently has a consensus rating of "Moderate Buy" and an average price target of $61.40.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is owned by insiders.

Rollins Price Performance

Shares of NYSE:ROL opened at $56.46 on Friday. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The company's 50 day moving average is $56.87 and its 200 day moving average is $55.52. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The company has a market cap of $27.36 billion, a PE ratio of 55.90 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. On average, sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

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.

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