Caisse DE Depot ET Placement DU Quebec Lowers Holdings in Rollins, Inc. $ROL

Key Points

• Caisse DE Depot ET Placement DU Quebec has significantly decreased its stake in Rollins, Inc. by 79.0%, selling over 1 million shares and owning approximately $15.3 million worth of shares after the sale.
• Rollins reported an earnings per share (EPS) of $0.30 for the recent quarter, surpassing analysts' expectations of $0.29, with revenue rising 12.1% year-over-year.
• The company declared a quarterly dividend of $0.165 per share, representing an annualized yield of 1.2%, with the dividend set to be paid on September 10th.

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 79.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,852 shares of the business services provider's stock after selling 1,068,005 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Rollins worth $15,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Rollins by 0.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock valued at $553,464,000 after acquiring an additional 38,503 shares in the last quarter. Comerica Bank increased its holdings in Rollins by 23.9% in the 1st quarter. Comerica Bank now owns 180,707 shares of the business services provider's stock worth $9,764,000 after buying an additional 34,911 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Rollins in the 1st quarter worth about $1,262,000. Axiom Investors LLC DE increased its holdings in Rollins by 45.1% in the 1st quarter. Axiom Investors LLC DE now owns 8,880 shares of the business services provider's stock worth $480,000 after buying an additional 2,760 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Rollins by 11.7% in the 1st quarter. Kestra Advisory Services LLC now owns 20,335 shares of the business services provider's stock worth $1,099,000 after buying an additional 2,126 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction dated 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 of the company's stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.47% of the stock is currently owned by insiders.

Rollins Stock Performance

Shares of Rollins stock traded up $0.30 during trading hours on Friday, reaching $56.54. 1,881,497 shares of the stock traded hands, compared to its average volume of 1,364,022. The company has a 50 day moving average price of $56.87 and a 200 day moving average price of $55.32. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 55.98 and a beta of 0.69. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. 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 released its quarterly 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. 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 business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. On average, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business 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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's payout ratio is presently 65.35%.

Wall Street Analyst Weigh In

ROL has been the subject of several research analyst reports. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Piper Sandler lifted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

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.