Rollins (NYSE:ROL) Insider Thomas Tesh Sells 2,395 Shares of Stock

Rollins, Inc. (NYSE:ROL) insider Thomas Tesh sold 2,395 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.77, for a total value of $138,359.15. Following the completion of the sale, the insider owned 34,732 shares of the company’s stock, valued at approximately $2,006,467.64. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Rollins Trading Up 1.3%

NYSE:ROL opened at $58.69 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $57.21 and its 200-day moving average is $56.98. The firm has a market cap of $28.44 billion, a price-to-earnings ratio of 54.85 and a beta of 0.72. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $60.35.

Rollins (NYSE:ROL) last posted 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. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. Rollins’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $0.1825 dividend. The ex-dividend date is Monday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio is presently 68.22%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROL. UBS Group increased their target price on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Canaccord Genuity Group set a $55.00 price objective on Rollins and gave the company a “hold” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. started coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.42.

Hedge Funds Weigh In On Rollins

A number of hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in Rollins during the third quarter worth $107,000. Harvest Investment Services LLC bought a new stake in shares of Rollins in the 3rd quarter worth about $358,000. OmniStar Financial Group Inc. bought a new stake in shares of Rollins in the 3rd quarter worth about $1,262,000. Morningstar Investment Management LLC acquired a new stake in shares of Rollins during the 3rd quarter worth about $618,000. Finally, NewEdge Advisors LLC lifted its holdings in Rollins by 5.6% during the 3rd quarter. NewEdge Advisors LLC now owns 7,092 shares of the business services provider’s stock valued at $417,000 after purchasing an additional 373 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

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.