Rollins, Inc. $ROL Stock Holdings Reduced by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its stake in shares of Rollins, Inc. (NYSE:ROL) by 19.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,113,393 shares of the business services provider’s stock after selling 1,249,366 shares during the period. Rollins comprises 3.1% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 10th largest holding. Montrusco Bolton Investments Inc. owned 1.06% of Rollins worth $279,926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its holdings in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 340 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares in the last quarter. National Pension Service lifted its holdings in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 462 shares in the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Rollins in the first quarter valued at about $63,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $56.99 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $27.62 billion, a price-to-earnings ratio of 56.43 and a beta of 0.69. The company’s 50 day simple moving average is $57.29 and its 200 day simple moving average is $56.46. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.12.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins’s dividend payout ratio is 65.35%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROL. Argus began coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price target on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rollins in a report on Saturday, September 27th. Barclays upped their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. began coverage on shares of Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.18.

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.