Fiera Capital Corp Purchases 241,126 Shares of Rollins, Inc. (NYSE:ROL)

Key Points

• Fiera Capital Corp increased its stake in Rollins, Inc. by 21.3%, acquiring an additional 241,126 shares for a total of approximately $74.11 million in holdings.
• Rollins, Inc. reported quarterly earnings of $0.30 EPS, surpassing expectations and showing a 12.1% increase in revenue year-over-year.
• The firm announced a quarterly dividend of $0.165 per share, with an upcoming payment scheduled for September 10th, representing a yield of 1.15%.

Fiera Capital Corp grew its position in Rollins, Inc. (NYSE:ROL - Free Report) by 21.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,371,666 shares of the business services provider's stock after acquiring an additional 241,126 shares during the quarter. Fiera Capital Corp owned approximately 0.28% of Rollins worth $74,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. City Holding Co. bought a new stake in shares of Rollins in the 1st quarter valued at approximately $27,000. GW&K Investment Management LLC increased its holdings 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 acquiring an additional 548 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in shares of Rollins in the 4th quarter valued at approximately $37,000. CVA Family Office LLC increased its holdings 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 acquiring an additional 340 shares during the last quarter. Finally, Colonial Trust Co SC increased its holdings 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 acquiring an additional 411 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman owned 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the transaction, the insider directly owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,921 shares of company stock valued at $4,120,613. Corporate insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. 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. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. UBS Group upped their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Stock Up 0.7%

Shares of NYSE ROL traded up $0.38 during mid-day trading on Friday, reaching $57.65. 834,234 shares of the company traded hands, compared to its average volume of 1,904,341. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market cap of $27.94 billion, a PE ratio of 57.08 and a beta of 0.75. The company's fifty day moving average is $56.63 and its two-hundred day moving average is $54.02. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65.

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, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. Rollins's payout ratio 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.