Rollins, Inc. (NYSE:ROL) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lessened its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 20.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,462,332 shares of the business services provider's stock after selling 1,935,165 shares during the quarter. Rollins makes up 4.0% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 8th largest holding. Montrusco Bolton Investments Inc. owned about 1.54% of Rollins worth $334,289,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC grew its stake in Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock valued at $230,000 after purchasing an additional 212 shares during the last quarter. Eastern Bank grew its stake in Rollins by 0.5% during the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider's stock valued at $2,337,000 after purchasing an additional 236 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock worth $153,000 after purchasing an additional 246 shares during the period. Raymond James Trust N.A. increased its stake in shares of Rollins by 1.9% in the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider's stock worth $672,000 after acquiring an additional 252 shares during the period. Finally, Motley Fool Asset Management LLC boosted its stake in shares of Rollins by 3.0% in the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider's stock worth $509,000 after buying an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price objective for the company. StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Morgan Stanley increased their price objective on shares of Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Finally, Canaccord Genuity Group started coverage on Rollins in a research report on Tuesday, January 7th. They issued a "hold" rating and a $48.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $51.50.

Rollins Stock Down 1.0 %

Shares of ROL stock traded down $0.51 during trading hours on Wednesday, reaching $48.81. 1,480,954 shares of the stock were exchanged, compared to its average volume of 1,596,270. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The business's fifty day moving average is $48.15 and its two-hundred day moving average is $48.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market capitalization of $23.64 billion, a P/E ratio of 50.84 and a beta of 0.75.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.69% of the company's stock.

Rollins 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.