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

Rollins, Inc. (NYSE:ROL) insider Thomas Tesh sold 2,395 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $57.77, for a total value of $138,359.15. Following the completion of the transaction, the insider owned 34,732 shares in the company, valued at $2,006,467.64. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rollins Stock Up 1.3%

Shares of ROL stock traded up $0.73 during trading on Tuesday, hitting $58.69. 3,351,672 shares of the company were exchanged, compared to its average volume of 1,952,310. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market capitalization of $28.44 billion, a price-to-earnings ratio of 54.85 and a beta of 0.72. The business’s 50-day simple moving average is $57.19 and its 200 day simple moving average is $56.97. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $60.35.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm 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%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. As a group, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

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

Analyst Ratings Changes

ROL has been the topic of a number of recent research reports. Wells Fargo & Company set a $63.00 target price on Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price target on shares of Rollins in a research note on Thursday, October 30th. UBS Group increased their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. JPMorgan Chase & Co. initiated 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. Finally, Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average price target of $63.42.

Institutional Investors Weigh In On Rollins

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