Caisse de depot et placement du Quebec Buys Shares of 749,505 Rollins, Inc. $ROL

Caisse de depot et placement du Quebec bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 749,505 shares of the business services provider’s stock, valued at approximately $31,284,000. Caisse de depot et placement du Quebec owned about 0.16% of Rollins as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ROL. BlackRock Inc. bought a new position in shares of Rollins in the 2nd quarter valued at $1,204,334,000. Norges Bank acquired a new stake in shares of Rollins during the 4th quarter valued at $244,669,000. Legal & General Group Plc bought a new stake in Rollins during the 2nd quarter worth $84,181,000. Pictet Asset Management Holding SA grew its position in Rollins by 188.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after acquiring an additional 1,899,515 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Rollins in the 2nd quarter worth about $65,993,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROL. Weiss Ratings downgraded Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Citigroup assumed coverage on Rollins in a report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price target on the stock. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. BNP Paribas Exane cut their target price on shares of Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.71.

Rollins Price Performance

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

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

Rollins Announces Dividend

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

Rollins Profile

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.