iA Global Asset Management Inc. Has $368,000 Position in Rollins, Inc. (NYSE:ROL)

Key Points

• iA Global Asset Management Inc. reduced its holdings in Rollins, Inc. by 74.2%, owning 6,814 shares valued at $368,000 following the sale of 19,596 shares in the first quarter.
• Rollins reported a quarterly earnings per share (EPS) of $0.30, exceeding expectations and marking a 12.1% increase in revenue year-over-year, totaling $999.53 million.
• The company declared a quarterly dividend of $0.165 per share, which translates to an annualized dividend yield of 1.1% and will be paid on September 10th.

iA Global Asset Management Inc. lowered its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 74.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,814 shares of the business services provider's stock after selling 19,596 shares during the period. iA Global Asset Management Inc.'s holdings in Rollins were worth $368,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after buying an additional 2,203,859 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Rollins during the fourth quarter valued at $81,747,000. BLI Banque de Luxembourg Investments bought a new position in Rollins during the fourth quarter valued at $50,161,000. Manning & Napier Advisors LLC lifted its holdings in shares of Rollins by 372.7% in the 1st quarter. Manning & Napier Advisors LLC now owns 1,267,167 shares of the business services provider's stock worth $68,465,000 after acquiring an additional 999,112 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Rollins by 3,564.2% during the 1st quarter. Mackenzie Financial Corp now owns 861,047 shares of the business services provider's stock valued at $46,522,000 after buying an additional 837,548 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rollins

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

Wall Street Analyst Weigh In

ROL has been the subject of several research reports. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Piper Sandler upped their target price on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. UBS Group increased their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Stock Performance

ROL traded down $0.49 during trading hours on Tuesday, hitting $57.92. 264,455 shares of the stock were exchanged, compared to its average volume of 1,877,492. The stock has a 50-day simple moving average of $56.78 and a 200-day simple moving average of $54.60. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 57.33 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. Rollins's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 11th. 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.