Rollins, Inc. (NYSE:ROL) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 222.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 745,955 shares of the business services provider's stock after purchasing an additional 514,672 shares during the period. Bank of Montreal Can owned approximately 0.15% of Rollins worth $34,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new stake in Rollins in the 4th quarter valued at approximately $29,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins in the fourth quarter valued at $31,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins in the 4th quarter valued at $37,000. Versant Capital Management Inc lifted its stake in Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock worth $41,000 after acquiring an additional 326 shares in the last quarter. Finally, Atala Financial Inc purchased a new stake in Rollins during the fourth quarter worth about $47,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares of the company's stock, valued at $509,866.20. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the sale, the insider now directly owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,259 shares of company stock valued at $1,047,330. 4.47% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

ROL has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group upped their price objective on Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $52.83.

Rollins Stock Down 0.5 %

Shares of NYSE ROL traded down $0.29 during midday trading on Tuesday, hitting $55.41. 616,036 shares of the company's stock were exchanged, compared to its average volume of 1,711,409. The firm's fifty day simple moving average is $52.04 and its 200-day simple moving average is $49.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a market cap of $26.88 billion, a PE ratio of 57.73 and a beta of 0.80. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $57.55.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.19%. Rollins's dividend payout ratio is presently 68.75%.

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.