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ATLANTA—Tesh Thomas D, the Chief Administrative Officer of Rollins Inc . (NYSE:ROL), sold 1,921 shares of the company’s common stock on April 10, according to a recent SEC filing. The shares were sold at an average price of $52.81, totaling $101,448. The stock, currently trading at $55.22, has shown impressive momentum, sitting near its 52-week high of $56.26. According to InvestingPro analysis, Rollins appears overvalued at current levels, despite maintaining dividend payments for 55 consecutive years with a current yield of 1.22%.
Following this transaction, Thomas holds 39,640 shares directly and an additional 5,033 shares indirectly through a 401(k) plan. Additionally, Thomas has 309 shares held as part of a Dividend Reinvestment Plan. This transaction was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks. With a market capitalization of $26.88 billion and an overall financial health score rated as GREAT by InvestingPro, which offers 15+ additional insights about Rollins’ valuation and performance metrics in its comprehensive Pro Research Report.
In other recent news, Rollins Inc. reported strong fourth-quarter earnings, surpassing revenue estimates by approximately 2%, though it fell short of consensus EBITDA estimates by around 3%. The shortfall was attributed to increased sales and marketing expenses. In a related development, Jefferies raised Rollins’ stock price target to $48 while maintaining a Hold rating, citing the company’s robust organic growth strategy and the increasing productivity of new salespeople. Additionally, Rollins announced the issuance of $500 million in senior unsecured notes, with proceeds primarily intended to repay outstanding borrowings under its credit facility. The notes, due in 2035, reflect the company’s strategic financial management.
In corporate governance news, Rollins nominated Paul D. Donahue for election to its Board of Directors, recognizing his extensive leadership experience. Furthermore, Rollins appointed William Harkins as its new Chief Accounting Officer, bringing significant expertise from his previous roles. The company also launched a private offering of senior notes to raise capital, primarily for debt repayment and general corporate purposes. These recent developments underscore Rollins’ ongoing efforts to optimize its financial and strategic positioning.
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