Insider Selling: Rollins (NYSE:ROL) CEO Sells 1,307 Shares of Stock

Rollins, Inc. (NYSE:ROL) CEO Jerry Jr. Gahlhoff sold 1,307 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total transaction of $82,118.81. Following the transaction, the chief executive officer directly owned 327,079 shares of the company’s stock, valued at approximately $20,550,373.57. This represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jerry Jr. Gahlhoff also recently made the following trade(s):

• On Monday, January 26th, Jerry Jr. Gahlhoff sold 4,510 shares of Rollins stock. The stock was sold at an average price of $63.26, for a total value of $285,302.60.

Rollins Stock Performance

NYSE ROL traded up $0.31 during trading on Friday, hitting $63.34. The company’s stock had a trading volume of 2,284,464 shares, compared to its average volume of 2,156,383. Rollins, Inc. has a 52 week low of $49.07 and a 52 week high of $63.84. The firm has a market cap of $30.70 billion, a P/E ratio of 59.19 and a beta of 0.79. The firm has a 50 day moving average price of $60.96 and a 200 day moving average price of $58.51. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.Rollins’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.22%.

Institutional Trading of Rollins

Several hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,620 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Rollins by 16.7% in the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares during the period. Woodline Partners LP lifted its holdings in shares of Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of Rollins by 1.4% during the second quarter. Truist Financial Corp now owns 385,216 shares of the business services provider’s stock worth $21,734,000 after buying an additional 5,297 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Jefferies Financial Group set a $66.00 price target on Rollins and gave the company a “buy” rating in a research report on Monday, November 3rd. Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $72.00 in a report on Friday, December 5th. Wells Fargo & Company upped their price objective on shares of Rollins from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $64.00 target price on shares of Rollins in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Rollins has an average rating of “Moderate Buy” and a consensus price target of $67.67.

About Rollins

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.