Covea Finance Has $28.30 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Covea Finance grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,745 shares of the business services provider’s stock after buying an additional 14,195 shares during the quarter. Rollins accounts for about 1.5% of Covea Finance’s holdings, making the stock its 23rd biggest position. Covea Finance owned approximately 0.13% of Rollins worth $28,300,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Ridgewood Investments LLC bought a new position in shares of Rollins during the first quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Rollins during the second quarter valued at about $29,000. KB Financial Partners LLC bought a new position in shares of Rollins during the first quarter valued at about $32,000. Carmel Capital Partners LLC bought a new position in shares of Rollins during the first quarter valued at about $34,000. Finally, Global Retirement Partners LLC lifted its position in shares of Rollins by 126.1% during the first quarter. Global Retirement Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 589 shares in the last quarter. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ROL shares. StockNews.com started coverage on shares of Rollins in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Bank of America started coverage on shares of Rollins in a research report on Wednesday, July 5th. They set a “buy” rating and a $49.00 price target on the stock. UBS Group started coverage on shares of Rollins in a research report on Wednesday, May 31st. They set a “buy” rating and a $48.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.57.

Insider Activity

In other news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.39, for a total value of $1,530,692,503.46. Following the sale, the insider now owns 164,581,449 shares of the company’s stock, valued at $5,659,956,031.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.39, for a total value of $1,530,692,503.46. Following the sale, the insider now owns 164,581,449 shares of the company’s stock, valued at $5,659,956,031.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul Russell Hardin acquired 5,560 shares of Rollins stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average cost of $36.00 per share, with a total value of $200,160.00. Following the purchase, the director now owns 7,927 shares of the company’s stock, valued at approximately $285,372. The disclosure for this purchase can be found here. Insiders own 4.70% of the company’s stock.

Rollins Stock Performance

ROL stock traded up $0.05 during mid-day trading on Friday, hitting $37.12. The company had a trading volume of 404,854 shares, compared to its average volume of 1,625,541. The firm has a market cap of $18.29 billion, a PE ratio of 46.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.75 and a current ratio of 0.81. Rollins, Inc. has a 12 month low of $34.20 and a 12 month high of $45.04. The stock’s fifty day moving average price is $40.82 and its two-hundred day moving average price is $39.92.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $820.75 million for the quarter, compared to analyst estimates of $804.93 million. Rollins had a net margin of 13.60% and a return on equity of 31.00%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, analysts forecast that Rollins, Inc. will post 0.86 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Wednesday, August 9th. Rollins’s dividend payout ratio (DPR) is currently 65.82%.

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.