Insider Selling: Rollins (NYSE:ROL) Insider Sells 1,329 Shares of Stock

Rollins, Inc. (NYSE:ROL) insider Elizabeth Chandler sold 1,329 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $83,501.07. Following the transaction, the insider owned 58,832 shares in the company, valued at $3,696,414.56. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rollins Stock Up 0.5%

Rollins stock traded up $0.31 during midday trading 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 company has a fifty day moving average price of $60.96 and a two-hundred day moving average price of $58.51. The company has a market capitalization of $30.70 billion, a P/E ratio of 59.19 and a beta of 0.79. 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, Inc. has a 12 month low of $49.07 and a 12 month high of $63.84.

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, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion for 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%.Rollins’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. Rollins’s payout ratio is presently 68.22%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group set a $65.00 price objective on shares of Rollins in a research note on Wednesday, January 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research report on Monday, November 3rd. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. Finally, Wells Fargo & Company upped their price objective on shares of Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.67.

Institutional Investors Weigh In On Rollins

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after acquiring an additional 1,562,241 shares in the last quarter. State Street Corp grew its holdings in shares of Rollins by 1.4% during the 3rd quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock valued at $720,999,000 after purchasing an additional 172,303 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 432,067 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Rollins by 41.2% in the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after acquiring an additional 1,649,676 shares during the last quarter. Finally, Norges Bank purchased a new stake in Rollins during the 2nd quarter valued at about $218,593,000. 51.79% of the stock is owned by hedge funds and other 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.