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

Rollins, Inc. (NYSE:ROL) insider Thomas Tesh sold 2,396 shares of Rollins stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $59.73, for a total value of $143,113.08. Following the completion of the transaction, the insider owned 31,627 shares in the company, valued at $1,889,080.71. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rollins Price Performance

NYSE ROL opened at $60.18 on Thursday. The stock has a 50-day simple moving average of $58.53 and a 200 day simple moving average of $57.51. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $61.84. The stock has a market capitalization of $29.17 billion, a PE ratio of 56.24 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 released 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. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

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

Hedge Funds Weigh In On Rollins

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of Rollins in the third quarter valued at $31,000. Caitong International Asset Management Co. Ltd bought a new stake in Rollins during the 2nd quarter worth about $30,000. TD Waterhouse Canada Inc. increased its position in Rollins by 58.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 269 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Rollins in the 2nd quarter valued at about $42,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Rollins in the third quarter worth about $45,000. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Monday. Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. JPMorgan Chase & Co. began coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Finally, Wells Fargo & Company set a $63.00 price target on Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.25.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.