Bank of Montreal Can Reduces Stock Position in Rollins, Inc. (NYSE:ROL)

Bank of Montreal Can lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,283 shares of the business services provider’s stock after selling 7,939 shares during the period. Bank of Montreal Can’s holdings in Rollins were worth $11,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROL. Quest Partners LLC purchased a new position in shares of Rollins during the second quarter valued at approximately $33,000. Ridgewood Investments LLC bought a new stake in Rollins in the second quarter valued at $34,000. Quent Capital LLC increased its position in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Rollins by 10,233.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after purchasing an additional 921 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Rollins in the 3rd quarter worth $52,000. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of ROL opened at $50.33 on Monday. Rollins, Inc. has a fifty-two week low of $39.94 and a fifty-two week high of $52.16. The firm’s 50-day simple moving average is $49.58 and its two-hundred day simple moving average is $49.01. The stock has a market cap of $24.37 billion, a PE ratio of 52.43 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

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

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock valued at $1,209,993 in the last quarter. 4.69% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ROL shares. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.83.

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.