Timothy Curtis Rollins Sells 14,750 Shares of Rollins, Inc. (NYSE:ROL) Stock

Rollins, Inc. (NYSE:ROL) major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Rollins Stock Down 0.1 %

ROL stock opened at $49.44 on Thursday. The stock has a fifty day moving average of $49.54 and a 200-day moving average of $48.79. Rollins, Inc. has a fifty-two week low of $39.62 and a fifty-two week high of $52.16. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 51.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same quarter in the prior year, the business earned $0.28 EPS. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.33%. Rollins’s payout ratio is presently 68.75%.

Hedge Funds Weigh In On Rollins

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Rollins by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after purchasing an additional 206,873 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Rollins by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after buying an additional 148,316 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its position in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after acquiring an additional 1,154,722 shares during the period. Geode Capital Management LLC grew its stake in Rollins by 2.2% during the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock valued at $366,821,000 after acquiring an additional 157,619 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after acquiring an additional 133,100 shares during the period. 51.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus price target of $49.83.

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.