Key Points
- Insider Thomas Tesh sold 2,396 shares on Dec. 12 at an average price of $59.73 for about $143,113, reducing his holding by 7.04% to 31,627 shares valued at roughly $1.89 million.
- Rollins beat expectations for the latest quarter with $0.35 EPS vs. $0.32 consensus and $1.03 billion in revenue (up 12% year-over-year), while analysts expect about 1.09 EPS for the current year.
- The company raised its quarterly dividend to $0.1825 (annualized $0.73), yielding about 1.2% with a payout ratio near 68.2%.
Rollins, Inc. (NYSE:ROL - Get Free Report) insider Thomas Tesh sold 2,396 shares of the business's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $59.73, for a total value of $143,113.08. Following the transaction, the insider directly owned 31,627 shares in the company, valued at approximately $1,889,080.71. This represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rollins Stock Down 1.0%
Shares of ROL opened at $59.44 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $58.49 and a 200 day moving average of $57.50. The company has a market cap of $28.81 billion, a PE ratio of 55.56 and a beta of 0.79. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $61.84.
Rollins (NYSE:ROL - Get Free Report) last announced its earnings results 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.
Rollins Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a $0.1825 dividend. This is an increase from Rollins's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. Rollins's dividend payout ratio is currently 68.22%.
Hedge Funds Weigh In On Rollins
A number of hedge funds and other institutional investors have recently made changes to their positions in ROL. Norges Bank purchased a new position in shares of Rollins during the second quarter valued at $218,593,000. AMF Tjanstepension AB grew its holdings in Rollins by 196.2% during the 2nd quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider's stock worth $199,937,000 after acquiring an additional 2,346,592 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Rollins by 1,923.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,878,134 shares of the business services provider's stock valued at $105,964,000 after purchasing an additional 1,785,300 shares during the period. Invesco Ltd. increased its position in Rollins by 41.2% during the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider's stock valued at $319,224,000 after purchasing an additional 1,649,676 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Rollins by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,720,282 shares of the business services provider's stock valued at $2,156,949,000 after purchasing an additional 1,480,306 shares in the last quarter. Institutional investors own 51.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on ROL shares. Canaccord Genuity Group set a $55.00 target price on Rollins and gave the company a "hold" rating in a research report on Friday, October 31st. Jefferies Financial Group set a $66.00 price objective on Rollins and gave the company a "buy" rating in a report on Monday, November 3rd. Morgan Stanley upgraded Rollins from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $58.00 to $72.00 in a research note on Wednesday. Wells Fargo & Company set a $63.00 target price on Rollins and gave the stock an "overweight" rating in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $64.00 price target on shares of Rollins in a report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $66.25.
View Our Latest Stock Analysis on ROL
Rollins Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
