Insider Selling: Rollins, Inc. (NYSE:ROL) Major Shareholder Sells 14,750 Shares of Stock

Rollins, Inc. (NYSE:ROL - Get Free Report) major shareholder Timothy Curtis Rollins sold 14,750 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Rollins Stock Performance

Shares of ROL stock traded down $0.27 on Tuesday, hitting $49.78. The company's stock had a trading volume of 367,891 shares, compared to its average volume of 1,702,852. Rollins, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $52.16. The company has a market capitalization of $24.11 billion, a PE ratio of 51.79 and a beta of 0.70. The stock's 50 day moving average is $49.57 and its 200-day moving average is $48.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. Equities research analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Rollins's previous quarterly dividend of $0.15. Rollins's dividend payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays started coverage on Rollins in a report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price target for the company. Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins presently has a consensus rating of "Hold" and an average target price of $49.83.

Institutional Investors Weigh In On Rollins

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Montrusco Bolton Investments Inc. raised its position in Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Rollins in the third quarter valued at about $43,225,000. Point72 Asset Management L.P. acquired a new position in shares of Rollins in the third quarter worth approximately $28,980,000. Cetera Investment Advisers boosted its holdings in Rollins by 4,697.4% in the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider's stock valued at $14,997,000 after acquiring an additional 317,353 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Rollins by 350.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider's stock valued at $17,118,000 after acquiring an additional 286,780 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Company Profile

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.