Rollins (NYSE:ROL) Insider Sells $143,113.08 in Stock

by · The Cerbat Gem

Rollins, Inc. (NYSE:ROL – Get Free Report) insider Thomas Tesh sold 2,396 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $59.73, for a total transaction of $143,113.08. Following the completion of the transaction, the insider owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. This trade represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rollins Price Performance

Shares of NYSE:ROL traded down $0.67 during trading on Tuesday, reaching $59.35. 410,440 shares of the company’s stock traded hands, compared to its average volume of 1,976,084. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $61.84. The company has a 50-day simple moving average of $58.46 and a 200-day simple moving average of $57.48. The firm has a market cap of $28.76 billion, a PE ratio of 55.49 and a beta of 0.78.

Rollins (NYSE:ROL – Get Free Report) last issued its quarterly 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 return on equity of 37.60% and a net margin of 14.02%.The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the business posted $0.29 earnings per share. Rollins’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $0.1825 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is 68.22%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research note on Monday, December 8th. Canaccord Genuity Group set a $55.00 price target on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.42.

Check Out Our Latest Report on Rollins

Hedge Funds Weigh In On Rollins

A number of institutional investors and hedge funds have recently bought and sold shares of ROL. Public Sector Pension Investment Board lifted its stake in Rollins by 9.2% in the 1st quarter. Public Sector Pension Investment Board now owns 36,976 shares of the business services provider’s stock worth $1,998,000 after purchasing an additional 3,112 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Rollins in the first quarter valued at approximately $307,000. Horizon Investments LLC increased its holdings in shares of Rollins by 5.8% in the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 224 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Rollins by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock worth $141,424,000 after buying an additional 98,607 shares in the last quarter. Finally, Aberdeen Group plc boosted its stake in Rollins by 60.1% during the first quarter. Aberdeen Group plc now owns 236,957 shares of the business services provider’s stock worth $12,677,000 after buying an additional 88,976 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

About Rollins

(Get Free Report)

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.

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