Insider Selling: Rollins (NYSE:ROL) Chairman Sells 10,355 Shares of Stock

Rollins, Inc. (NYSE:ROL) Chairman Gary Rollins sold 10,355 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $650,604.65. Following the completion of the transaction, the chairman owned 5,312,114 shares in the company, valued at $333,760,122.62. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rollins Stock Performance

Shares of NYSE ROL traded up $0.31 during trading hours on Friday, reaching $63.34. The stock had a trading volume of 2,284,464 shares, compared to its average volume of 2,156,383. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 59.19 and a beta of 0.79. Rollins, Inc. has a fifty-two week low of $49.07 and a fifty-two week high of $63.84. The firm has a 50-day moving average of $60.96 and a 200-day moving average of $58.51. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, February 25th. Rollins’s dividend payout ratio (DPR) is 68.22%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROL. Canaccord Genuity Group set a $55.00 price target on Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Wells Fargo & Company upped their price target on shares of Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Rollins in a report on Tuesday, December 23rd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.67.

Institutional Investors Weigh In On Rollins

Hedge funds have recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in Rollins in the 4th quarter valued at approximately $30,000. Root Financial Partners LLC bought a new stake in Rollins in the 3rd quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Rollins in the 2nd quarter worth $30,000. Torren Management LLC bought a new position in shares of Rollins during the 4th quarter worth about $36,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Rollins by 58.4% in the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 269 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Company Profile

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.