Covea Finance Has $18.24 Million Holdings in Rollins, Inc. $ROL

Covea Finance trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 17.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,453 shares of the business services provider’s stock after selling 67,008 shares during the period. Covea Finance’s holdings in Rollins were worth $18,236,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ROL. Inspire Investing LLC grew its holdings in shares of Rollins by 4.7% during the third quarter. Inspire Investing LLC now owns 5,254 shares of the business services provider’s stock worth $309,000 after purchasing an additional 234 shares during the last quarter. World Investment Advisors grew its holdings in Rollins by 5.1% during the 3rd quarter. World Investment Advisors now owns 4,705 shares of the business services provider’s stock worth $276,000 after acquiring an additional 229 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings in Rollins by 5,551.4% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,978 shares of the business services provider’s stock worth $116,000 after acquiring an additional 1,943 shares during the last quarter. DAVENPORT & Co LLC increased its position in Rollins by 2.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 15,916 shares of the business services provider’s stock valued at $935,000 after acquiring an additional 442 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Rollins by 202.4% in the third quarter. Exchange Traded Concepts LLC now owns 26,949 shares of the business services provider’s stock worth $1,583,000 after acquiring an additional 18,036 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ROL shares. Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $70.00 price objective on shares of Rollins in a research report on Tuesday. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Canaccord Genuity Group set a $55.00 price target on Rollins and gave the company a “hold” rating in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. assumed coverage on Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.92.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 2,396 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $59.73, for a total value of $143,113.08. Following the sale, the insider directly owned 31,627 shares in the company, valued at approximately $1,889,080.71. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.47% of the company’s stock.

Rollins Stock Down 0.1%

Shares of Rollins stock opened at $60.66 on Friday. The business has a fifty day simple moving average of $59.04 and a 200 day simple moving average of $57.62. The stock has a market cap of $29.40 billion, a PE ratio of 56.69 and a beta of 0.79. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $61.84.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $0.1825 per share. This is an increase from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, November 10th. Rollins’s dividend payout ratio is presently 68.22%.

Key Headlines Impacting Rollins

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: Cluster of wrestling/entertainment stories about Seth Rollins — contract length, influences on his WWE persona, comments on Saudi events and industry figures. These are sports/entertainment items with no corporate link to Rollins, Inc. Seth Rollins Says His WWE Contract Is Up In Three Years
• Neutral Sentiment: Game coverage and player mentions (Ryan Rollins, Kevin Porter Jr.) — sports performance write-ups that don’t affect Rollins, Inc.’s operations or outlook. With Giannis out, Kevin Porter Jr. and Ryan Rollins click as Bucks snap 3-game skid
• Neutral Sentiment: Feature pieces on other individuals named Rollins (Kent Rollins, cowboy cook; Jimmy Rollins Hall of Fame discussion) — human-interest/sports items unrelated to Rollins, Inc.’s business or financials. Cowboy Cook Kent Rollins Has One Rule

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.