ATLANTA—Timothy Curtis Rollins, a significant shareholder of Rollins Inc . (NYSE:ROL), recently sold 14,750 shares of the company's common stock. The sale, conducted on November 15, amounted to a total transaction value of approximately $735,766, with shares sold at a weighted average price of $49.8825. Following this transaction, Rollins holds 124,214 shares indirectly through his spouse.
In addition to these shares, Rollins also maintains indirect ownership of 94,053 shares through the 2002 Timothy C. Rollins Trust and directly owns 391,384 shares. The transaction details were disclosed in a Form 4 filing with the Securities and Exchange Commission, signed by W. Keith Wilkes, Jr., as attorney-in-fact for Rollins.
In other recent news, Rollins Inc. reported a 9% increase in Q3 revenue to $916 million and a 7.7% rise in GAAP net income, despite challenges posed by Hurricane Helene. The company's earnings growth was supported by strategic acquisitions and a focus on organic growth, improving gross margins to 54% and achieving an adjusted EBITDA of $219 million. Furthermore, Rollins Inc. announced a 10% dividend increase, backed by free cash flow growth.
In terms of company developments, Rollins completed 32 tuck-in acquisitions, anticipating at least 2% growth from M&A activities for the year. Additionally, a leadership transition was announced, with Gary Rollins moving to Executive Chairman Emeritus and John Wilson stepping in as Executive Chairman.
On the analysts' front, Barclays (LON:BARC) initiated coverage on Rollins, assigning an Equal Weight rating, indicating a neutral perspective on the company's near-term performance. Likewise, Jefferies reaffirmed their Hold rating on Rollins. These recent developments underscore Rollins' commitment to strategic growth and operational efficiency.
InvestingPro Insights
While Timothy Curtis Rollins has reduced his stake in Rollins Inc., the company continues to demonstrate strong financial performance and shareholder value. According to InvestingPro data, Rollins boasts a market capitalization of $24.24 billion and has shown impressive revenue growth of 11.07% over the last twelve months as of Q3 2024.
Rollins' commitment to shareholder returns is evident in its dividend history. An InvestingPro Tip highlights that the company has raised its dividend for 22 consecutive years, with a current dividend yield of 1.32%. This consistent dividend growth aligns with the company's strong financial position and may be attractive to long-term investors.
The company's gross profit margin stands at a robust 52.64%, reflecting efficient operations and pricing power in its market. This aligns with another InvestingPro Tip that points out Rollins' impressive gross profit margins.
It's worth noting that Rollins trades at a relatively high P/E ratio of 51.64, which may indicate investor confidence in future growth prospects. However, potential investors should consider that the stock is trading at a high earnings multiple relative to its near-term earnings growth, as suggested by an additional InvestingPro Tip.
For those interested in a more comprehensive analysis, InvestingPro offers 15 additional tips on Rollins Inc., providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.