National Bank of Canada FI Has $9.15 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

National Bank of Canada FI boosted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 133.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,959 shares of the business services provider's stock after acquiring an additional 103,426 shares during the period. National Bank of Canada FI's holdings in Rollins were worth $9,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROL. QRG Capital Management Inc. boosted its stake in shares of Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider's stock valued at $222,000 after purchasing an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its stake in 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 valued at $230,000 after acquiring an additional 212 shares during the last quarter. Mather Group LLC. grew its holdings in Rollins by 8.8% during the 3rd 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 period. Federated Hermes Inc. grew its holdings in Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock worth $86,000 after acquiring an additional 249 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of Rollins by 1.9% during the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider's stock valued at $672,000 after acquiring an additional 252 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 0.3 %

NYSE:ROL opened at $49.00 on Thursday. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The stock has a 50-day moving average price of $49.40 and a two-hundred day moving average price of $49.15. The stock has a market cap of $23.73 billion, a price-to-earnings ratio of 51.04 and a beta of 0.72. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

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

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.165 per share. This is an increase from Rollins's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. Rollins's dividend payout ratio is currently 68.75%.

Insider Buying and Selling

In other Rollins 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 transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company's stock, valued at $4,274,129.97. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent research reports. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price target on the stock. Wells Fargo & Company raised their target price on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins has a consensus rating of "Hold" and an average price target of $49.83.

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.