Rollins, Inc. (NYSE:ROL) Insider Sells $675,217.74 in Stock

Rollins, Inc. (NYSE:ROL) insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rollins Price Performance

NYSE:ROL opened at $51.24 on Thursday. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $52.83. The company has a market cap of $24.81 billion, a P/E ratio of 53.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock’s 50-day simple moving average is $48.40 and its 200 day simple moving average is $49.18.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Analyst Upgrades and Downgrades

ROL has been the topic of several research reports. Canaccord Genuity Group boosted their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Morgan Stanley increased their price objective on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Barclays started coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.00.

Institutional Trading of Rollins

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in shares of Rollins by 174.8% in the 4th quarter. Mackenzie Financial Corp now owns 23,499 shares of the business services provider’s stock valued at $1,089,000 after purchasing an additional 14,948 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Rollins in the fourth quarter valued at approximately $380,000. Toronto Dominion Bank raised its stake in Rollins by 7.0% in the fourth quarter. Toronto Dominion Bank now owns 151,593 shares of the business services provider’s stock valued at $7,026,000 after buying an additional 9,930 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Rollins in the fourth quarter valued at approximately $964,000. Finally, Pacific Point Advisors LLC bought a new position in shares of Rollins during the 4th quarter worth approximately $1,290,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

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.