Canada Pension Plan Investment Board Acquires New Holdings in Rollins, Inc. $ROL

Canada Pension Plan Investment Board bought a new position in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 359,875 shares of the business services provider’s stock, valued at approximately $15,021,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. DV Equities LLC purchased a new stake in Rollins during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after buying an additional 354 shares during the last quarter. Torren Management LLC purchased a new position in shares of Rollins in the 4th quarter worth $36,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Rollins in the fourth quarter worth $43,000. Finally, Quarry LP grew its holdings in shares of Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of research reports. Weiss Ratings cut Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada downgraded Rollins from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. Morgan Stanley reduced their price target on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Canaccord Genuity Group set a $45.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Finally, Bank of America reissued a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $48.71.

Rollins Price Performance

NYSE ROL opened at $36.43 on Friday. The company has a market capitalization 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. The business’s fifty day moving average is $40.33 and its 200 day moving average is $49.36. Rollins, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $66.14.

Rollins (NYSE:ROL) last issued 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). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. Sell-side analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. Rollins’s payout ratio is 66.36%.

Rollins Company 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.