Alberta Investment Management Corp Has $3.45 Million Holdings in Rollins, Inc. $ROL

Alberta Investment Management Corp decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 22.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,100 shares of the business services provider’s stock after selling 17,800 shares during the period. Alberta Investment Management Corp’s holdings in Rollins were worth $3,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Rollins by 0.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock worth $553,464,000 after buying an additional 38,503 shares during the period. Geode Capital Management LLC raised its stake in shares of Rollins by 4.8% during the second quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after buying an additional 432,067 shares during the last quarter. AMF Tjanstepension AB lifted its holdings in Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock valued at $199,937,000 after buying an additional 2,346,592 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Rollins by 44.2% in the first quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock valued at $157,659,000 after buying an additional 894,731 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ROL shares. Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group set a $66.00 target price on Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. Barclays raised their price target on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. UBS Group boosted their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Canaccord Genuity Group set a $55.00 target price on Rollins and gave the stock a “hold” rating in a research note on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average target price of $63.42.

Rollins Stock Up 1.0%

NYSE ROL opened at $58.21 on Monday. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $60.35. The business has a fifty day moving average price of $57.17 and a two-hundred day moving average price of $56.96. 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 capitalization of $28.21 billion, a PE ratio of 54.40 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 analysts’ consensus estimates 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%.Rollins’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio (DPR) is presently 68.22%.

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.