Credit Agricole S A Acquires 5,143 Shares of Rollins, Inc. $ROL

Key Points

• Credit Agricole S A increased its stake in Rollins, Inc. by 6.8% in Q1, owning 80,864 shares valued at approximately $4.37 million.
• Rollins reported $0.30 EPS for the last quarter, exceeding estimates, with a revenue of $999.53 million, representing a 12.1% annual increase.
• The company announced a quarterly dividend of $0.165, with a yield of 1.1% and a payout ratio of 65.35%.

Credit Agricole S A boosted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,864 shares of the business services provider's stock after purchasing an additional 5,143 shares during the quarter. Credit Agricole S A's holdings in Rollins were worth $4,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ROL. City Holding Co. bought a new stake in shares of Rollins during the 1st quarter valued at about $27,000. GW&K Investment Management LLC boosted its position in shares of Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after acquiring an additional 411 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after acquiring an additional 462 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Wall Street Analyst Weigh In

ROL has been the subject of a number of recent research reports. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price for the company. UBS Group boosted their target price on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Barclays boosted their target price on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Piper Sandler boosted their target price on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.40.

Insiders Place Their Bets

In other news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman owned 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.47% of the company's stock.

Rollins Trading Down 2.2%

Shares of ROL traded down $1.29 during mid-day trading on Monday, hitting $56.70. 1,096,189 shares of the company's stock traded hands, compared to its average volume of 1,349,702. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The firm has a market capitalization of $27.48 billion, a P/E ratio of 56.14 and a beta of 0.69. The business's 50-day moving average price is $56.85 and its 200-day moving average price is $55.17.

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

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins's dividend payout ratio is currently 65.35%.

About Rollins

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.