CIBC Asset Management Inc Purchases 2,246 Shares of Rollins, Inc. (NYSE:ROL)

CIBC Asset Management Inc grew its position in Rollins, Inc. (NYSE:ROL) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,185 shares of the business services provider’s stock after buying an additional 2,246 shares during the period. CIBC Asset Management Inc’s holdings in Rollins were worth $2,280,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Rollins in the 3rd quarter valued at about $28,000. True Wealth Design LLC boosted its holdings in shares of Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after buying an additional 326 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Rollins in the 3rd quarter valued at about $52,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Rollins in the 3rd quarter valued at about $71,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Shares of NYSE ROL opened at $51.29 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 12 month low of $41.30 and a 12 month high of $52.83. The company has a 50 day simple moving average of $48.23 and a two-hundred day simple moving average of $49.08. The stock has a market cap of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is 68.75%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.

About Rollins

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.