Rollins, Inc. $ROL Position Raised by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Rollins, Inc. by 3.6%, owning 145,249 shares valued at approximately $7.85 million as of the latest filing.
• Multiple institutional investors, including Bank Pictet & Cie Europe AG and BNP Paribas Financial Markets, have also increased their stakes in Rollins, indicating growing confidence in the company.
• Analysts have issued varied ratings for Rollins, with a consensus rating of "Moderate Buy" and an average target price of $61.40, reflecting positive sentiment towards the company's performance.

Federation des caisses Desjardins du Quebec grew its position in Rollins, Inc. (NYSE:ROL - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,249 shares of the business services provider's stock after purchasing an additional 5,065 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Rollins were worth $7,848,000 as of its most recent SEC filing.

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

Insider Transactions at Rollins

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

Analyst Ratings Changes

Several research firms recently commented on ROL. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. UBS Group boosted their price target on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Rollins Stock Down 0.6%

Shares of ROL traded down $0.37 during trading on Tuesday, reaching $56.76. The company's stock had a trading volume of 411,658 shares, compared to its average volume of 1,819,261. The company has a fifty day moving average of $56.88 and a two-hundred day moving average of $55.59. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 56.20 and a beta of 0.69. 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 (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same period in the prior year, the company posted $0.27 EPS. Rollins's quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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