Bank of Montreal Can Decreases Holdings in Rollins, Inc. (NYSE:ROL)

Bank of Montreal Can lowered its holdings in shares of Rollins, Inc. (NYSE:ROL) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,283 shares of the business services provider’s stock after selling 7,939 shares during the quarter. Bank of Montreal Can’s holdings in Rollins were worth $11,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ROL. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Rollins by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock valued at $489,036,000 after buying an additional 148,316 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its position in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after buying an additional 1,154,722 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after acquiring an additional 133,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Rollins by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after purchasing an additional 31,458 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Rollins by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock valued at $105,247,000 after acquiring an additional 172,009 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 1.6 %

NYSE ROL opened at $50.33 on Monday. The stock has a market cap of $24.37 billion, a PE ratio of 52.43 and a beta of 0.70. Rollins, Inc. has a 12 month low of $39.94 and a 12 month high of $52.16. The company’s 50-day moving average price is $49.58 and its 200-day moving average price is $49.01. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

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

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid 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 dividend on an annualized basis and a dividend yield of 1.31%. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Analyst Ratings Changes

ROL has been the topic of several recent research reports. Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.83.

Insider Activity at Rollins

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

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.