Rollins Inc. (ROL) Sees Strong Trading Volume
Shares of Rollins Inc. (NYSE:ROL) saw an uptick in trading volume on Monday . 733,218 shares were traded during trading, an increase of 79% from the previous session’s volume of 408,660 shares.The stock last traded at $27.34 and had previously closed at $27.67.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Rollins from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Saturday, July 30th. Nomura started coverage on shares of Rollins in a research report on Tuesday, April 19th. They issued a “buy” rating and a $31.00 price objective on the stock.
The firm has a market cap of $5.98 billion and a PE ratio of 38.25. The stock’s 50 day moving average is $28.57 and its 200 day moving average is $27.65.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. During the same period in the prior year, the business posted $0.21 EPS. The business had revenue of $411.10 million for the quarter, compared to analysts’ expectations of $415.60 million. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Rollins Inc. will post $0.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, August 8th.
In other news, VP Eugene A. Iarocci sold 5,000 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $28.82, for a total transaction of $144,100.00. Following the completion of the sale, the vice president now directly owns 148,026 shares in the company, valued at $4,266,109.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas E. Luczynski sold 6,157 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $27.99, for a total transaction of $172,334.43. Following the sale, the insider now owns 156,241 shares of the company’s stock, valued at $4,373,185.59. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Rollins stock. Mutual of America Capital Management LLC boosted its stake in Rollins Inc. (NYSE:ROL) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 63,480 shares of the company’s stock after buying an additional 520 shares during the period. Mutual of America Capital Management LLC’s holdings in Rollins were worth $1,644,000 at the end of the most recent reporting period.
Rollins, Inc is a service company, which provides pest and termite control services. The Company operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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