Rollins, Inc. (NYSE:ROL - Get Free Report) insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the sale, the insider now owns 39,640 shares in the company, valued at approximately $2,093,388.40. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Rollins Trading Up 2.2 %
Shares of NYSE ROL opened at $55.30 on Friday. The stock has a market capitalization of $26.82 billion, a PE ratio of 57.60 and a beta of 0.80. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $56.26. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $51.91 and a 200-day simple moving average of $49.80.
Rollins (NYSE:ROL - Get Free Report) last announced its 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 net margin of 13.76% and a return on equity of 37.94%. On average, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.
Rollins Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. Rollins's dividend payout ratio is currently 68.75%.
Institutional Trading of Rollins
Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider's stock valued at $8,725,000 after buying an additional 61,475 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after acquiring an additional 420,399 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Rollins by 136.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider's stock worth $12,327,000 after acquiring an additional 153,437 shares during the period. True North Advisors LLC acquired a new stake in shares of Rollins in the fourth quarter worth approximately $262,000. Finally, Avanza Fonder AB purchased a new stake in Rollins in the fourth quarter valued at approximately $1,054,000. Hedge funds and other institutional investors own 51.79% of the company's stock.
Analyst Ratings Changes
ROL has been the subject of several recent research reports. Morgan Stanley increased their price objective on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price target on Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $52.83.
View Our Latest Stock Report on ROL
About Rollins
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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.
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