Fiera Capital Corp Purchases Shares of 854,577 Rollins, Inc. (NYSE:ROL)

Fiera Capital Corp purchased a new position in Rollins, Inc. (NYSE:ROL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 854,577 shares of the business services provider’s stock, valued at approximately $43,225,000. Fiera Capital Corp owned 0.18% of Rollins as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Rollins by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after acquiring an additional 206,873 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rollins by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after purchasing an additional 148,316 shares during the last quarter. TD Asset Management Inc raised its stake in Rollins by 14.5% in the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after purchasing an additional 357,535 shares in the last quarter. Renaissance Technologies LLC grew its stake in Rollins by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after buying an additional 133,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Rollins by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock worth $105,247,000 after buying an additional 172,009 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Up 2.3 %

ROL traded up $1.15 during trading on Friday, hitting $50.19. 320,044 shares of the stock traded hands, compared to its average volume of 1,701,699. The firm has a 50-day moving average of $49.52 and a 200 day moving average of $48.39. Rollins, Inc. has a 12-month low of $37.61 and a 12-month high of $51.96. The firm has a market capitalization of $24.31 billion, a P/E ratio of 52.31 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last posted its earnings results 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). The business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. Equities research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.165 dividend. 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 (DPR) is presently 68.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ROL. Barclays started coverage on shares of Rollins in a report on Monday. They set an “equal weight” rating and a $50.00 price objective for the company. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Finally, Wells Fargo & Company increased their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.83.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. The trade was 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 through this hyperlink. Corporate insiders own 4.69% of the company’s stock.

About Rollins

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.