Rollins (NYSE:ROL) Shares Acquired Rep. Rick W. Allen

Representative Rick W. Allen (R-Georgia) recently bought shares of Rollins, Inc. (NYSE:ROL). In a filing disclosed on January 16th, the Representative disclosed that they had bought between $15,001 and $50,000 in Rollins stock on December 12th. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC. > RWA&A - SECURITIES" account.

Rollins Price Performance

NYSE ROL traded up $0.10 during trading hours on Friday, reaching $48.40. The company's stock had a trading volume of 1,986,853 shares, compared to its average volume of 1,451,933. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The company's 50-day moving average is $48.39 and its two-hundred day moving average is $48.96. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The stock has a market cap of $23.44 billion, a PE ratio of 50.42 and a beta of 0.75.

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

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $0.165 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Rollins's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.36%. Rollins's payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They set an "equal weight" rating and a $50.00 target price for the company. Canaccord Genuity Group initiated coverage on shares of Rollins in a research note on Tuesday, January 7th. They set a "hold" rating and a $48.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, UBS Group boosted their price objective on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Rollins has an average rating of "Hold" and an average price target of $51.50.

Insider Buying and Selling

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business's stock in a transaction on Friday, November 15th. The shares were 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. The trade was a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.69% of the company's stock.

Institutional Trading of Rollins

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Montrusco Bolton Investments Inc. boosted its stake in Rollins by 14.0% in 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 period. Fiera Capital Corp acquired a new stake in shares of Rollins in the third quarter worth $43,225,000. Point72 Asset Management L.P. acquired a new stake in shares of Rollins in the third quarter worth $28,980,000. JPMorgan Chase & Co. grew its holdings in shares of Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after buying an additional 420,399 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in Rollins by 535.2% during the fourth quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider's stock valued at $12,115,000 after buying an additional 220,230 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2025. Allen (Republican Party) is running for re-election to the U.S. House to represent Georgia's 12th Congressional District. He declared candidacy for the 2024 election. Allen won re-election in 2018 with more than 59 percent of the vote. Prior to his election to the U.S. House, Allen founded a small business which has, according to his office biography, "created thousands of jobs in the Augusta and Athens communities for more than 35 years." He graduated from Auburn University with a degree in building construction. At the beginning of the 115th Congress, Allen was assigned to the Committee on Agriculture and the Committee on Education and the Workforce. Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction. After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

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.