National Bank of Canada FI Buys 73,110 Shares of Rollins, Inc. (NYSE:ROL)

Key Points

• National Bank of Canada FI increased its stake in Rollins, Inc. by 43.6%, owning 240,788 shares valued at $13.01 million as of the last quarter.
• Rollins, Inc. reported a 12.1% revenue growth year-over-year, with earnings of $0.30 per share, exceeding consensus estimates.
• The company announced a quarterly dividend of $0.165 per share, equating to an annualized yield of 1.1%.

National Bank of Canada FI increased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 43.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,788 shares of the business services provider's stock after purchasing an additional 73,110 shares during the period. National Bank of Canada FI's holdings in Rollins were worth $13,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. increased its position in shares of Rollins by 71.5% during the first quarter. Citigroup Inc. now owns 385,863 shares of the business services provider's stock valued at $20,848,000 after purchasing an additional 160,917 shares during the period. AMF Tjanstepension AB acquired a new stake in Rollins in the 1st quarter valued at $64,636,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Rollins by 17.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,633 shares of the business services provider's stock valued at $28,184,000 after buying an additional 77,199 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in Rollins by 18.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 22,416 shares of the business services provider's stock valued at $1,211,000 after buying an additional 3,545 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Rollins by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock valued at $124,331,000 after buying an additional 49,871 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Argus assumed coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and boosted their price target for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. UBS Group boosted their price objective on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Finally, Piper Sandler boosted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Rollins has a consensus rating of "Moderate Buy" and an average price target of $61.40.

Rollins Trading Up 0.1%

Shares of Rollins stock traded up $0.04 during trading hours on Friday, hitting $57.46. The company's stock had a trading volume of 518,025 shares, compared to its average volume of 1,867,805. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market capitalization of $27.85 billion, a PE ratio of 56.90 and a beta of 0.69. The stock has a 50 day moving average of $56.77 and a 200 day moving average of $54.71. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $988.77 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Rollins's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Insider Activity

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

Rollins Profile

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.