Rollins, Inc. $ROL Shares Acquired by Fiera Capital Corp

Fiera Capital Corp grew its holdings in Rollins, Inc. (NYSE:ROL) by 15.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,578,271 shares of the business services provider’s stock after purchasing an additional 206,605 shares during the quarter. Fiera Capital Corp owned 0.33% of Rollins worth $89,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ROL. Ameritas Advisory Services LLC purchased a new position in Rollins in the second quarter valued at $77,000. AGF Management Ltd. purchased a new stake in Rollins during the 2nd quarter worth about $3,005,000. Y Intercept Hong Kong Ltd acquired a new stake in Rollins in the 2nd quarter valued at about $625,000. QRG Capital Management Inc. boosted its stake in shares of Rollins by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock valued at $495,000 after buying an additional 572 shares during the period. Finally, Gallacher Capital Management LLC acquired a new position in shares of Rollins during the second quarter worth about $256,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Up 0.0%

ROL opened at $58.54 on Thursday. 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, Inc. has a 52 week low of $45.34 and a 52 week high of $60.35. The business’s 50 day moving average is $57.12 and its two-hundred day moving average is $56.93. The firm has a market cap of $28.37 billion, a price-to-earnings ratio of 54.71 and a beta of 0.72.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. On average, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s payout ratio is 68.22%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Tuesday. Barclays boosted their target price 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. The Goldman Sachs Group restated a “buy” rating and issued a $64.00 price target on shares of Rollins in a research note on Thursday, October 30th. Finally, Wells Fargo & Company set a $63.00 price target on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

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.