Key Points
- Insider sale: Thomas Tesh sold 2,396 shares on Jan. 9 at an average price of $60.06 for $143,903.76, reducing his ownership by 7.58% and leaving him with 29,231 shares (~$1.76M).
- Dividend increase: Rollins raised its quarterly dividend to $0.1825 (from $0.17), which annualizes to $0.73, yields ~1.2%, and reflects a payout ratio of 68.22%.
- Market and analyst view: Shares trade around $61 (near a 1‑year high) with a $29.6B market cap and a P/E of 57.03; analysts rate the stock a "Moderate Buy" with an average target of $66.92.
Rollins, Inc. (NYSE:ROL - Get Free Report) insider Thomas Tesh sold 2,396 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $60.06, for a total value of $143,903.76. Following the sale, the insider owned 29,231 shares of the company's stock, valued at approximately $1,755,613.86. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Rollins Stock Up 0.6%
Shares of NYSE:ROL opened at $61.02 on Tuesday. Rollins, Inc. has a 1 year low of $45.77 and a 1 year high of $61.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71. The business's 50-day moving average is $59.89 and its 200-day moving average is $57.92. The company has a market capitalization of $29.57 billion, a price-to-earnings ratio of 57.03 and a beta of 0.79.
Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The firm's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.
Rollins Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a dividend of $0.1825 per share. This is a positive change 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 annualized dividend and a dividend yield of 1.2%. Rollins's payout ratio is 68.22%.
Hedge Funds Weigh In On Rollins
A number of hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Rollins in the second quarter valued at approximately $30,000. Board of the Pension Protection Fund bought a new stake in Rollins during the fourth quarter worth $30,000. Root Financial Partners LLC purchased a new stake in Rollins in the 3rd quarter valued at $31,000. TD Waterhouse Canada Inc. lifted its stake in Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider's stock valued at $41,000 after acquiring an additional 269 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Rollins during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 51.79% of the company's stock.
Wall Street Analyst Weigh In
ROL has been the subject of a number of research reports. Weiss Ratings restated a "buy (b)" rating on shares of Rollins in a report on Monday, December 29th. JPMorgan Chase & Co. initiated coverage on Rollins in a research note on Friday, September 26th. They issued an "overweight" rating and a $70.00 target price for the company. Barclays raised Rollins from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. Royal Bank Of Canada reissued an "outperform" rating and issued a $70.00 price objective on shares of Rollins in a research note on Tuesday, December 23rd. Finally, The Goldman Sachs Group restated a "buy" rating and set a $64.00 price objective on shares of Rollins in a report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and an average price target of $66.92.
Check Out Our Latest Stock Analysis on Rollins
About Rollins
(
Get Free Report)
Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.
Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.
Further Reading
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