Insider Selling: Rollins, Inc. (NYSE:ROL) Insider Sells 3,224 Shares of Stock

Rollins, Inc. (NYSE:ROL) insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. The trade was a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Rollins Stock Up 0.5 %

Shares of ROL traded up $0.24 during mid-day trading on Wednesday, hitting $52.76. 637,877 shares of the company’s stock were exchanged, compared to its average volume of 1,559,695. The company has a 50-day simple moving average of $48.92 and a 200 day simple moving average of $49.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a market cap of $25.55 billion, a PE ratio of 54.99 and a beta of 0.76. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $53.72.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.25%. Rollins’s payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROL. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, UBS Group lifted their price target on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in shares of Rollins by 54.7% during the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 61,475 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rollins during the third quarter worth $1,428,000. Westfield Capital Management Co. LP bought a new stake in Rollins during the third quarter worth $5,102,000. Intech Investment Management LLC lifted its stake in Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after acquiring an additional 79,546 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after acquiring an additional 420,399 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Company Profile

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.