Montrusco Bolton Investments Inc. Decreases Stock Holdings in Rollins, Inc. $ROL

Montrusco Bolton Investments Inc. trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 28.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,641,068 shares of the business services provider’s stock after selling 1,472,325 shares during the quarter. Rollins makes up approximately 2.4% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 17th largest position. Montrusco Bolton Investments Inc. owned 0.75% of Rollins worth $205,586,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Thrive Wealth Management LLC lifted its holdings in shares of Rollins by 2.7% during the 3rd quarter. Thrive Wealth Management LLC now owns 6,473 shares of the business services provider’s stock valued at $380,000 after buying an additional 172 shares during the period. Fifth Third Bancorp raised its holdings in shares of Rollins by 1.2% during the 3rd quarter. Fifth Third Bancorp now owns 18,874 shares of the business services provider’s stock worth $1,109,000 after acquiring an additional 222 shares in the last quarter. Wealth Alliance LLC boosted its position in shares of Rollins by 2.1% during the 2nd quarter. Wealth Alliance LLC now owns 10,687 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 223 shares during the last quarter. World Investment Advisors grew its holdings in shares of Rollins by 5.1% in the third quarter. World Investment Advisors now owns 4,705 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 229 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Rollins by 4.7% in the third quarter. Inspire Investing LLC now owns 5,254 shares of the business services provider’s stock worth $309,000 after purchasing an additional 234 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROL has been the topic of a number of research reports. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Canaccord Genuity Group set a $52.00 price target on Rollins and gave the stock a “hold” rating in a research report on Friday, February 13th. Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $60.00 to $72.00 in a research report on Friday, December 5th. Wells Fargo & Company set a $56.00 price objective on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Rollins presently has an average rating of “Moderate Buy” and an average target price of $66.08.

Insider Transactions at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 4,510 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $63.26, for a total value of $285,302.60. Following the completion of the transaction, the chief executive officer owned 328,386 shares of the company’s stock, valued at approximately $20,773,698.36. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Gary W. Rollins sold 19,094 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $1,207,886.44. Following the completion of the sale, the chairman directly owned 5,322,469 shares in the company, valued at $336,699,388.94. This represents a 0.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 59,150 shares of company stock valued at $3,711,814 in the last three months. 4.47% of the stock is owned by company insiders.

Rollins Trading Down 2.2%

NYSE ROL opened at $59.17 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. Rollins, Inc. has a 12 month low of $49.73 and a 12 month high of $66.14. The firm’s fifty day moving average price is $61.52 and its 200 day moving average price is $59.17. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 3.73 and a beta of 0.78.

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

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be given a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 25th. Rollins’s dividend payout ratio (DPR) is 66.97%.

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.