Insider Selling: Rollins (NYSE:ROL) Chairman Sells 5,344 Shares of Stock

Rollins, Inc. (NYSE:ROL) Chairman John Wilson sold 5,344 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $335,763.52. Following the sale, the chairman owned 594,705 shares of the company’s stock, valued at $37,365,315.15. This represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Rollins Stock Performance

ROL stock traded up $0.31 during trading on Friday, hitting $63.34. The company had a trading volume of 2,284,464 shares, compared to its average volume of 2,156,383. The firm has a 50-day moving average price of $60.96 and a 200-day moving average price of $58.51. Rollins, Inc. has a 1-year low of $49.07 and a 1-year high of $63.84. The firm has a market cap of $30.70 billion, a PE ratio of 59.19 and a beta of 0.79. 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 (NYSE:ROL) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. On average, analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be given a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 25th. Rollins’s dividend payout ratio is 68.22%.

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Rollins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after buying an additional 1,562,241 shares during the period. State Street Corp increased its stake in Rollins by 1.4% in the 3rd quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock worth $720,999,000 after buying an additional 172,303 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rollins by 4.8% in the second quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after buying an additional 432,067 shares in the last quarter. Invesco Ltd. boosted its stake in Rollins by 41.2% during the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after buying an additional 1,649,676 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Rollins in the 2nd quarter worth about $218,593,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROL shares. Canaccord Genuity Group set a $55.00 target price on Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $72.00 in a research note on Wednesday, December 17th. Wells Fargo & Company upped their target price on Rollins from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Rollins in a report on Tuesday, December 23rd. Finally, Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.67.

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.