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CIBC Asset Management Inc Buys 30,547 Shares of Rollins, Inc. $ROL

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Key Points

  • CIBC Asset Management increased its stake in Rollins by 64.4% in the fourth quarter, adding 30,547 shares and bringing its total holdings to 77,969 shares worth about $4.68 million.
  • Rollins reported Q1 earnings in line with expectations, posting EPS of $0.24 on revenue of $906.4 million, with revenue up 10.2% year over year.
  • Analyst sentiment remains mixed but generally constructive: the stock has a Moderate Buy consensus and a $64 average price target, even as some firms have recently downgraded or trimmed targets.
  • Five stocks we like better than Rollins.

CIBC Asset Management Inc boosted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 64.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,969 shares of the business services provider's stock after acquiring an additional 30,547 shares during the quarter. CIBC Asset Management Inc's holdings in Rollins were worth $4,680,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Rollins by 36.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,735,244 shares of the business services provider's stock worth $164,169,000 after acquiring an additional 726,017 shares in the last quarter. AXQ Capital LP bought a new position in shares of Rollins during the 4th quarter worth approximately $1,231,000. Root Financial Partners LLC grew its stake in shares of Rollins by 47.3% during the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider's stock worth $47,000 after acquiring an additional 251 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of Rollins by 1.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider's stock worth $773,000 after acquiring an additional 200 shares in the last quarter. Finally, Ellevest Inc. bought a new position in shares of Rollins during the 4th quarter worth approximately $283,000. 51.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Rollins in a research note on Monday, April 13th. They set a "hold" rating and a $56.00 price target for the company. UBS Group raised their price target on shares of Rollins from $58.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Rollins from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, May 21st. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a "buy" rating in a research note on Monday, April 27th. Finally, Bank of America assumed coverage on shares of Rollins in a research note on Tuesday, February 17th. They set a "buy" rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

View Our Latest Analysis on ROL

Rollins Trading Up 1.5%

NYSE ROL opened at $47.18 on Friday. The company has a market cap of $22.72 billion, a PE ratio of 43.29, a PEG ratio of 2.90 and a beta of 0.73. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12 month low of $44.43 and a 12 month high of $66.14. The stock has a 50 day moving average of $53.11 and a 200-day moving average of $57.64.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, equities research analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 11th. Rollins's dividend payout ratio is presently 66.97%.

Key Stories Impacting Rollins

Here are the key news stories impacting Rollins this week:

Rollins Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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