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

Bank of Montreal Can lifted its position in Rollins, Inc. (NYSE:ROL) by 17.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,312,890 shares of the business services provider’s stock after buying an additional 198,097 shares during the period. Bank of Montreal Can’s holdings in Rollins were worth $74,073,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ROL. Caitong International Asset Management Co. Ltd bought a new stake in shares of Rollins in the 2nd quarter valued at $30,000. GW&K Investment Management LLC increased its position in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after buying an additional 548 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares in the last quarter. National Pension Service increased its position in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after buying an additional 462 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Rollins in the 1st quarter valued at $63,000. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the subject of several research reports. UBS Group increased their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Piper Sandler increased their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. assumed coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.82.

Rollins Price Performance

ROL stock opened at $59.49 on Wednesday. The stock has a 50-day moving average price of $56.85 and a two-hundred day moving average price of $56.80. The stock has a market cap of $28.83 billion, a PE ratio of 55.59 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.66.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.Rollins’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. Equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is 68.22%.

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.