Canada Pension Plan Investment Board Purchases Shares of 359,875 Rollins, Inc. $ROL

Key Points

• Canada Pension Plan Investment Board purchased 359,875 Rollins shares worth approximately $15.0 million, representing 0.07% of the company. Institutional investors collectively own 51.79% of Rollins.
• Rollins reported quarterly revenue of $1.08 billion, up 7.9% year over year, but earnings of $0.32 per share missed analyst expectations of $0.34. Shares opened at $36.43, near the company’s 12-month low of $35.81.
• The company announced a quarterly dividend of $0.1825 per share, equivalent to an annualized $0.73 and a 2.0% yield. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $48.71.

Canada Pension Plan Investment Board purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 359,875 shares of the business services provider's stock, valued at approximately $15,021,000. Canada Pension Plan Investment Board owned 0.07% of Rollins as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Element Capital Management LLC bought a new stake in shares of Rollins during the second quarter valued at approximately $538,000. Legal & General Group Plc purchased a new position in shares of Rollins during the second quarter valued at approximately $84,181,000. The Manufacturers Life Insurance Company bought a new stake in shares of Rollins in the 2nd quarter worth approximately $45,525,000. Sone Capital Management LLC bought a new stake in shares of Rollins in the 2nd quarter worth approximately $2,577,000. Finally, Front Street Capital Management Inc. purchased a new stake in shares of Rollins in the 2nd quarter worth approximately $350,000. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

Shares of NYSE ROL opened at $36.43 on Friday. The firm has a market cap of $17.53 billion, a P/E ratio of 33.12, a PEG ratio of 3.94 and a beta of 0.75. Rollins, Inc. has a twelve month low of $35.81 and a twelve month high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $40.33 and a 200 day moving average of $49.36.

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

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.0%. Rollins's payout ratio is 66.36%.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of analyst reports. Zacks Research lowered Rollins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Royal Bank Of Canada cut Rollins from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $52.00 to $40.00 in a research note on Thursday, July 23rd. Argus downgraded Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Morgan Stanley lowered their price target on Rollins from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 8th. Finally, Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the stock a "hold" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $48.71.

Rollins Profile

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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