Rollins, Inc. (NYSE:ROL) Short Interest Update

Rollins, Inc. (NYSE:ROLGet Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 9,126,691 shares, a decline of 13.0% from the February 26th total of 10,486,601 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,951,980 shares, the days-to-cover ratio is presently 3.1 days.

Insiders Place Their Bets

In related news, insider Thomas D. Tesh sold 887 shares of Rollins stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $56,111.62. Following the sale, the insider owned 28,344 shares of the company’s stock, valued at approximately $1,793,041.44. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gary W. Rollins sold 10,355 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 $650,604.65. Following the completion of the sale, the chairman directly owned 5,312,114 shares of the company’s stock, valued at approximately $333,760,122.62. The trade was a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 69,435 shares of company stock valued at $4,321,384. 5.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares during the last quarter. State Street Corp lifted its stake in Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after acquiring an additional 575,946 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after acquiring an additional 626,866 shares during the period. Invesco Ltd. boosted its holdings in Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after acquiring an additional 461,869 shares during the period. Finally, Norges Bank acquired a new position in Rollins in the 4th quarter valued at about $244,669,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $53.40 on Wednesday. The company has a fifty day simple moving average of $59.15 and a 200-day simple moving average of $58.95. The firm has a market capitalization of $25.74 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 3.27 and a beta of 0.80. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35. Rollins has a 52-week low of $49.73 and a 52-week high of $66.14.

Rollins (NYSE:ROLGet Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Rollins had a return on equity of 38.16% and a net margin of 14.00%.The business had revenue of $912.91 million for the quarter, compared to analyst estimates of $925.08 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Rollins will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, February 25th. Rollins’s payout ratio is currently 66.97%.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ROL shares. Morgan Stanley set a $70.00 price objective on shares of Rollins in a report on Friday, February 13th. Canaccord Genuity Group set a $52.00 price target on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, February 13th. Wells Fargo & Company set a $56.00 price target on shares of Rollins and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada set a $67.00 price objective on Rollins and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $72.00 in a research note on Friday, December 5th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $66.08.

View Our Latest Analysis on ROL

Rollins Company Profile

(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.

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