Fiera Capital Corp Purchases New Shares in Rollins, Inc. (NYSE:ROL)

Fiera Capital Corp bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 854,577 shares of the business services provider's stock, valued at approximately $43,225,000. Fiera Capital Corp owned 0.18% of Rollins at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ROL. QRG Capital Management Inc. lifted its holdings in Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider's stock worth $222,000 after purchasing an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock worth $230,000 after buying an additional 212 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider's stock worth $38,000 after buying an additional 236 shares in the last quarter. Mather Group LLC. boosted its position in shares of Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock worth $153,000 after acquiring an additional 246 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock valued at $86,000 after acquiring an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.69% of the company's stock.

Analyst Upgrades and Downgrades

ROL has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Barclays started coverage on Rollins in a research note on Monday. They set an "equal weight" rating and a $50.00 price target for the company. StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $49.83.

Rollins Stock Up 2.3 %

Shares of NYSE:ROL traded up $1.15 during trading on Friday, reaching $50.19. The stock had a trading volume of 1,466,711 shares, compared to its average volume of 1,706,984. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $24.31 billion, a P/E ratio of 52.28 and a beta of 0.70. The firm's 50-day simple moving average is $49.52 and its 200 day simple moving average is $48.44. Rollins, Inc. has a one year low of $37.61 and a one year high of $51.96.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The business had revenue of $916.27 million for the quarter, compared to analysts' expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, research analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This is a positive change from Rollins's previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. Rollins's dividend payout ratio is presently 68.75%.

Rollins 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.