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

Covea Finance trimmed its position in Rollins, Inc. (NYSE:ROL) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,453 shares of the business services provider’s stock after selling 67,008 shares during the quarter. Covea Finance owned about 0.06% of Rollins worth $18,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Rollins during the 2nd quarter worth $218,593,000. AMF Tjanstepension AB lifted its position in shares of Rollins by 196.2% during the 2nd quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after purchasing an additional 2,346,592 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in Rollins by 1,923.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,878,134 shares of the business services provider’s stock valued at $105,964,000 after purchasing an additional 1,785,300 shares during the period. Invesco Ltd. grew its holdings in Rollins by 41.2% in the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after buying an additional 1,649,676 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in Rollins in the 1st quarter worth approximately $59,073,000. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROL. JPMorgan Chase & Co. began coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective on the stock. Morgan Stanley raised shares of Rollins from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $58.00 to $72.00 in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Monday. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $70.00 price target on shares of Rollins in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Rollins presently has an average rating of “Moderate Buy” and an average price target of $66.92.

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

Rollins Stock Performance

NYSE:ROL opened at $60.66 on Friday. The firm has a market capitalization 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. The firm has a 50-day moving average price of $59.04 and a 200 day moving average price of $57.62.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th were issued a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, November 10th. This is a boost 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%. Rollins’s dividend payout ratio (DPR) is 68.22%.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 2,396 shares of the company’s stock in a transaction dated 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 owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. This represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.47% of the company’s stock.

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.