Caisse de depot et placement du Quebec Purchases New Stake in Rollins, Inc. $ROL

Caisse de depot et placement du Quebec acquired a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 749,505 shares of the business services provider’s stock, valued at approximately $31,284,000.

A number of other large investors have also recently made changes to their positions in ROL. LRI Investments LLC increased its position in shares of Rollins by 8.7% during the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock worth $138,000 after acquiring an additional 183 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Rollins by 1.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock valued at $874,000 after acquiring an additional 183 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Rollins by 0.3% during the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 185 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Rollins by 1.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after purchasing an additional 200 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Rollins by 3.9% during the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after purchasing an additional 203 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on ROL. Raymond James Financial set a $35.00 price objective on Rollins in a research note on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and set a $43.00 price target (down from $50.00) on shares of Rollins in a report on Friday, July 24th. Barclays set a $45.00 price target on Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $70.00 to $52.00 in a research note on Friday, May 29th. Finally, Argus downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Price Performance

Rollins stock opened at $36.43 on Friday. Rollins, Inc. has a 52 week low of $35.81 and a 52 week high of $66.14. The company’s 50 day moving average price is $40.33 and its two-hundred day moving average price is $49.36. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a market cap of $17.53 billion, a P/E ratio of 33.12, a P/E/G ratio of 3.94 and a beta of 0.75.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.0%. Rollins’s payout ratio is currently 66.36%.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.