Rollins (NYSE:ROL) Insider Elizabeth Chandler Sells 1,329 Shares

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

Rollins Trading Up 0.5%

ROL stock traded up $0.31 during midday trading on Friday, hitting $63.34. 2,284,464 shares of the company’s stock were exchanged, compared to its average volume of 2,156,383. Rollins, Inc. has a one year low of $49.07 and a one year high of $63.84. The stock’s fifty day moving average price is $60.96 and its 200-day moving average price is $58.51. The company has a market cap of $30.70 billion, a PE ratio of 59.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rollins by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares during the period. Empowered Funds LLC increased its position in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after buying an additional 918 shares during the period. Woodline Partners LP grew its holdings in Rollins by 40.7% during the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 6,859 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Rollins by 1.4% during the 2nd quarter. Truist Financial Corp now owns 385,216 shares of the business services provider’s stock valued at $21,734,000 after purchasing an additional 5,297 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price target on shares of Rollins in a research report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on shares of Rollins from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. Finally, Morgan Stanley upgraded Rollins from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $58.00 to $72.00 in a research report on Wednesday, December 17th. Eleven equities research 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 currently has an average rating of “Moderate Buy” and a consensus target price 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.