Thomas Tesh Sells 323 Shares of Rollins (NYSE:ROL) Stock
by Mitch Edgeman · The Markets DailyRollins, Inc. (NYSE:ROL – Get Free Report) insider Thomas Tesh sold 323 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $20,294.09. Following the completion of the transaction, the insider owned 28,021 shares in the company, valued at $1,760,559.43. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Rollins Trading Up 0.5%
NYSE ROL traded up $0.31 during trading on Friday, hitting $63.34. The stock had a trading volume of 2,284,464 shares, compared to its average volume of 2,156,383. Rollins, Inc. has a twelve month low of $49.07 and a twelve month high of $63.84. The firm has a 50 day moving average price of $60.96 and a 200 day moving average price of $58.51. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $30.70 billion, a PE ratio of 59.19 and a beta of 0.79.
Rollins (NYSE:ROL – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.
Rollins Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, February 25th. Rollins’s payout ratio is 68.22%.
Hedge Funds Weigh In On Rollins
Institutional investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. raised its holdings in Rollins by 16.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 128,043 shares of the business services provider’s stock worth $7,224,000 after acquiring an additional 17,845 shares during the period. Savant Capital LLC lifted its position in shares of Rollins by 7.2% during the 2nd quarter. Savant Capital LLC now owns 21,419 shares of the business services provider’s stock worth $1,208,000 after purchasing an additional 1,435 shares during the last quarter. Prudential Financial Inc. boosted its stake in Rollins by 11.0% during the 2nd quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock valued at $8,958,000 after purchasing an additional 15,699 shares during the period. Marshall Wace LLP grew its holdings in Rollins by 78.0% in the 2nd quarter. Marshall Wace LLP now owns 2,282,659 shares of the business services provider’s stock valued at $128,788,000 after buying an additional 1,000,185 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Rollins by 139.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 416,737 shares of the business services provider’s stock worth $24,479,000 after buying an additional 242,699 shares during the period. Institutional investors own 51.79% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on ROL. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Rollins in a research note on Tuesday, December 23rd. Wells Fargo & Company increased their price target on shares of Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Jefferies Financial Group set a $66.00 price objective on Rollins and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 price objective on shares of Rollins in a research report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $67.67.
View Our Latest Stock Report on ROL
About Rollins
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.
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