Montrusco Bolton Investments Inc. Has $331.38 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Montrusco Bolton Investments Inc. trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 14.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,362,759 shares of the business services provider's stock after selling 1,099,573 shares during the quarter. Rollins comprises 4.4% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 8th biggest holding. Montrusco Bolton Investments Inc. owned 1.31% of Rollins worth $331,377,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. City Holding Co. acquired a new position in Rollins during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Rollins during the fourth quarter worth $29,000. Mizuho Bank Ltd. acquired a new stake in shares of Rollins in the fourth quarter valued at about $37,000. CVA Family Office LLC grew its position in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the last quarter. Finally, Colonial Trust Co SC grew its position in shares of Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after purchasing an additional 411 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chairman owned 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is owned by company insiders.

Rollins Price Performance

ROL traded up $0.04 during midday trading on Friday, reaching $55.81. 1,416,402 shares of the company's stock were exchanged, compared to its average volume of 1,755,551. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 56.37 and a beta of 0.75. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65. The business has a 50-day simple moving average of $56.56 and a two-hundred day simple moving average of $53.29.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and raised their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Argus assumed coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Finally, Piper Sandler started coverage on Rollins in a research report on Tuesday, July 1st. They issued an "overweight" rating and a $70.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $60.50.

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.