iA Global Asset Management Inc. Has $819,000 Holdings in Rollins, Inc. $ROL

iA Global Asset Management Inc. raised its position in shares of Rollins, Inc. (NYSE:ROL) by 113.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,515 shares of the business services provider’s stock after buying an additional 7,701 shares during the period. iA Global Asset Management Inc.’s holdings in Rollins were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ROL. Ameritas Advisory Services LLC acquired a new stake in shares of Rollins in the 2nd quarter valued at $77,000. QRG Capital Management Inc. increased its stake in shares of Rollins by 7.0% in the 2nd quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock valued at $495,000 after buying an additional 572 shares during the period. Gallacher Capital Management LLC acquired a new stake in Rollins during the 2nd quarter worth $256,000. Select Equity Group L.P. acquired a new stake in Rollins during the 1st quarter worth $27,398,000. Finally, Pallas Capital Advisors LLC grew its holdings in Rollins by 86.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 7,734 shares of the business services provider’s stock worth $436,000 after acquiring an additional 3,575 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $58.50 on Tuesday. The company has a fifty day moving average price of $56.79 and a 200 day moving average price of $56.77. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The firm has a market cap of $28.35 billion, a PE ratio of 54.67 and a beta of 0.69.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.Rollins’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $0.1825 dividend. 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio (DPR) is presently 68.22%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROL. Wells Fargo & Company set a $63.00 target price on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. initiated coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research note on Monday. Barclays upped their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Finally, Piper Sandler upped their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and a consensus price target of $62.82.

Rollins Company 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.