Oddo BHF Asset Management Sas Invests $1.28 Million in Rollins, Inc. (NYSE:ROL)

Oddo BHF Asset Management Sas acquired a new stake in Rollins, Inc. (NYSE:ROL) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 25,294 shares of the business services provider’s stock, valued at approximately $1,279,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROL. B.O.S.S. Retirement Advisors LLC grew its stake in Rollins by 4.9% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after purchasing an additional 212 shares in the last quarter. Mather Group LLC. raised its holdings in Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 246 shares in the last quarter. Federated Hermes Inc. raised its holdings in Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 249 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Rollins by 1.9% during the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after acquiring an additional 252 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in Rollins by 18.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after acquiring an additional 269 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Performance

Shares of Rollins stock opened at $48.77 on Friday. The company’s fifty day moving average is $49.38 and its two-hundred day moving average is $49.15. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $23.62 billion, a P/E ratio of 50.80 and a beta of 0.72.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue was up 9.0% on a year-over-year basis. Analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is 68.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ROL shares. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley increased their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Rollins currently has an average rating of “Hold” and a consensus price target of $50.67.

Insiders Place Their Bets

In related news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now directly owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

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.