Credit Agricole S A Boosts Holdings in Rollins, Inc. $ROL

Credit Agricole S A lifted its stake in Rollins, Inc. (NYSE:ROL) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,864 shares of the business services provider’s stock after purchasing an additional 5,143 shares during the period. Credit Agricole S A’s holdings in Rollins were worth $4,369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. purchased a new stake in shares of Rollins in the 1st quarter worth about $27,000. GW&K Investment Management LLC lifted its position in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after purchasing an additional 548 shares during the period. CVA Family Office LLC lifted its position in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock worth $44,000 after purchasing an additional 340 shares during the period. National Pension Service lifted its position in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the period. Finally, Colonial Trust Co SC lifted its position in shares of Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider’s stock worth $50,000 after purchasing an additional 411 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Trading Down 0.1%

Shares of NYSE ROL opened at $57.95 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market cap of $28.08 billion, a P/E ratio of 57.38 and a beta of 0.69. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The firm has a 50-day moving average of $56.85 and a 200 day moving average of $55.06.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million during the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins’s payout ratio is 65.35%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROL. UBS Group raised their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Argus began coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target for the company. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.40.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares of the company’s stock, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.47% of the company’s stock.

Rollins Company 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.