Rollins (NYSE:ROL) Insider Thomas Tesh Sells 2,396 Shares of Stock

Rollins, Inc. (NYSE:ROL) insider Thomas Tesh sold 2,396 shares of Rollins stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $60.06, for a total value of $143,903.76. Following the completion of the sale, the insider directly owned 29,231 shares in the company, valued at approximately $1,755,613.86. This represents a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Rollins Stock Performance

ROL opened at $61.02 on Tuesday. The business’s 50-day simple moving average is $59.89 and its 200 day simple moving average is $57.92. Rollins, Inc. has a 52-week low of $45.77 and a 52-week high of $61.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. The firm has a market capitalization of $29.57 billion, a PE ratio of 57.03 and a beta of 0.79.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a dividend of $0.1825 per share. The ex-dividend date was Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. Rollins’s dividend payout ratio is presently 68.22%.

Hedge Funds Weigh In On Rollins

Several institutional investors and hedge funds have recently modified their holdings of ROL. J.W. Cole Advisors Inc. lifted its stake in shares of Rollins by 16.2% in the second 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 raised its holdings in 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. lifted its position in shares of Rollins by 11.0% in the 2nd quarter. Prudential Financial Inc. now owns 158,775 shares of the business services provider’s stock worth $8,958,000 after purchasing an additional 15,699 shares during the period. Marshall Wace LLP boosted its stake in shares of 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 purchasing an additional 1,000,185 shares during the last quarter. Finally, Baker Avenue Asset Management LP acquired a new stake in shares of Rollins during the second quarter worth $1,924,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 price target on shares of Rollins in a research report on Tuesday, December 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.92.

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.