CIBC Asset Management Inc Has $4.68 Million Holdings in Rollins, Inc. $ROL

CIBC Asset Management Inc raised its holdings in shares of Rollins, Inc. (NYSE:ROLFree Report) by 64.4% in the 4th quarter, HoldingsChannel reports. The firm owned 77,969 shares of the business services provider’s stock after buying an additional 30,547 shares during the period. CIBC Asset Management Inc’s holdings in Rollins were worth $4,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 354 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in Rollins during the 4th quarter valued at $30,000. Torren Management LLC acquired a new stake in Rollins during the 4th quarter valued at $36,000. Fideuram Asset Management Ireland dac acquired a new stake in Rollins during the 4th quarter valued at $43,000. Finally, Root Financial Partners LLC lifted its holdings in Rollins by 47.3% during the 4th quarter. Root Financial Partners LLC now owns 782 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 1.5%

ROL opened at $47.18 on Friday. Rollins, Inc. has a fifty-two week low of $44.43 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The company has a market capitalization of $22.72 billion, a P/E ratio of 43.29, a P/E/G ratio of 2.90 and a beta of 0.73. The stock has a fifty day moving average of $53.11 and a 200-day moving average of $57.64.

Rollins (NYSE:ROLGet Free Report) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.5%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a report on Friday, April 24th. Loop Capital assumed coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price target for the company. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the company a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Finally, Bank of America assumed coverage on Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.00.

View Our Latest Research Report on ROL

Key Rollins News

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About Rollins

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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