Bank of Montreal Can Has $74.07 Million Holdings in Rollins, Inc. $ROL

Bank of Montreal Can lifted its holdings in Rollins, Inc. (NYSE:ROL) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312,890 shares of the business services provider’s stock after acquiring an additional 198,097 shares during the quarter. Bank of Montreal Can owned approximately 0.27% of Rollins worth $74,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ROL. IFM Investors Pty Ltd boosted its holdings in shares of Rollins by 7.3% in the 1st quarter. IFM Investors Pty Ltd now owns 54,097 shares of the business services provider’s stock worth $2,736,000 after acquiring an additional 3,692 shares in the last quarter. HM Payson & Co. bought a new position in shares of Rollins in the first quarter valued at about $63,000. Concurrent Investment Advisors LLC raised its holdings in shares of Rollins by 43.6% in the first quarter. Concurrent Investment Advisors LLC now owns 31,514 shares of the business services provider’s stock valued at $1,703,000 after buying an additional 9,562 shares during the last quarter. Interchange Capital Partners LLC bought a new position in shares of Rollins in the first quarter valued at about $219,000. Finally, Personal CFO Solutions LLC bought a new position in shares of Rollins in the first quarter valued at about $211,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Trading Up 1.7%

Shares of NYSE ROL opened at $59.49 on Wednesday. The company’s 50 day simple moving average is $56.85 and its 200 day simple moving average is $56.80. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.66. The firm has a market capitalization of $28.83 billion, a P/E ratio of 55.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. On average, analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $0.1825 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio (DPR) is currently 68.22%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROL. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $64.00 price target on shares of Rollins in a report on Thursday, October 30th. Piper Sandler upped their price objective on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Finally, Wells Fargo & Company set a $63.00 price objective on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.82.

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.