Bank of Montreal Can Increases Stock Position in Rollins, Inc. $ROL

Bank of Montreal Can boosted its stake in Rollins, Inc. (NYSE:ROL) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,349,319 shares of the business services provider’s stock after acquiring an additional 36,429 shares during the period. Bank of Montreal Can owned 0.28% of Rollins worth $79,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Rollins in the third quarter valued at $31,000. TD Waterhouse Canada Inc. grew its stake in shares of Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after purchasing an additional 269 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Rollins in the 2nd quarter valued at about $42,000. TruNorth Capital Management LLC acquired a new stake in shares of Rollins in the third quarter valued at about $45,000. Finally, First Horizon Corp purchased a new position in Rollins in the third quarter valued at about $47,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 0.4%

Shares of NYSE:ROL opened at $56.08 on Thursday. The stock has a 50-day simple moving average of $61.13 and a 200-day simple moving average of $59.22. The stock has a market capitalization of $26.98 billion, a P/E ratio of 51.45, a PEG ratio of 3.47 and a beta of 0.80. Rollins, Inc. has a 1 year low of $49.73 and a 1 year high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.60.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $912.91 million for the quarter, compared to analysts’ expectations of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.Rollins’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th were paid a $0.1825 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. Rollins’s payout ratio is 66.97%.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $60.06, for a total transaction of $143,903.76. Following the sale, the insider directly owned 29,231 shares in the company, valued at $1,755,613.86. The trade was a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 4,510 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $285,302.60. Following the transaction, the chief executive officer owned 328,386 shares in the company, valued at $20,773,698.36. This trade represents a 1.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,351 shares of company stock valued at $4,554,785 in the last three months. 4.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ROL has been the topic of several research analyst reports. Wells Fargo & Company set a $56.00 price target on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Canaccord Genuity Group set a $52.00 target price on Rollins and gave the company a “hold” rating in a report on Friday, February 13th. Bank of America assumed coverage on Rollins in a research report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target for the company. UBS Group set a $65.00 target price on shares of Rollins in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

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.