Rollins, Inc. (NYSE:ROL) Plans Quarterly Dividend of $0.17

Rollins, Inc. (NYSE:ROL - Get Free Report) announced a quarterly dividend on Tuesday, July 22nd, RTT News reports. Shareholders of record on Monday, August 11th will be given a dividend of 0.165 per share by the business services provider on Wednesday, September 10th. This represents a $0.66 annualized dividend and a yield of 1.19%.

Rollins has a payout ratio of 53.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 54.1%.

Rollins Trading Up 0.3%

Shares of NYSE ROL traded up $0.17 during midday trading on Tuesday, hitting $55.57. The stock had a trading volume of 1,628,438 shares, compared to its average volume of 1,757,555. Rollins has a 1-year low of $45.34 and a 1-year high of $58.65. The company has a fifty day moving average price of $56.54 and a 200 day moving average price of $53.52. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 56.13 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business's revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Rollins will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROL. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Barclays raised their price objective on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Canaccord Genuity Group boosted their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Finally, UBS Group increased their price target on shares of Rollins from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.50.

Insider Transactions at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider owned 38,028 shares in the company, valued at approximately $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chairman directly owned 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rollins

A number of large investors have recently modified their holdings of ROL. Geneos Wealth Management Inc. lifted its stake in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock valued at $47,000 after purchasing an additional 375 shares during the period. Empowered Funds LLC increased its holdings in 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 in the last quarter. Woodline Partners LP lifted its holdings in Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider's stock worth $1,282,000 after buying an additional 6,859 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider's stock worth $1,663,000 after purchasing an additional 1,620 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

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.

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