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Elizabeth B. Chandler, the Chief Legal Officer and Corporate Secretary at Rollins Inc (NYSE:ROL), recently sold shares of the company’s stock valued at approximately $675,217. The transaction, which took place on February 21, 2025, involved the sale of 13,193 shares at a weighted average price of $51.18 per share. This sale was executed under a prearranged trading plan. The stock, currently trading near its 52-week high of $52.84, has shown strong momentum with a 21.6% return over the past year. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
In addition to the sale, Chandler also acquired 14,250 restricted shares on February 20, 2025, as part of the company’s 2018 Stock Incentive Plan. These shares will vest over a three-year period beginning in February 2026. Furthermore, Chandler sold 2,011 shares to cover tax withholding obligations related to the vesting of restricted stock, at a price of $51.33 per share, totaling $103,224. Following these transactions, Chandler holds a total of 76,526 shares of Rollins Inc, which has maintained dividend payments for 55 consecutive years and boasts an "GREAT" overall financial health score.
In other recent news, Rollins Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $832 million, surpassing the forecasted $815.99 million. The company met analysts’ expectations with an earnings per share (EPS) of $0.23. For the full year, Rollins’ revenue grew by 10.3% to $3.4 billion, supported by strong demand across its service offerings. Additionally, Rollins completed 44 acquisition deals, further expanding its operations.
In a strategic financial move, Rollins issued $500 million in senior unsecured notes with a 5.25% interest rate, due in 2035. The proceeds are intended primarily to repay borrowings under its credit facility. Meanwhile, Rollins also announced a private offering of senior notes to raise capital, aiming to repay debt and fund general corporate purposes.
Analyst firm Jefferies raised Rollins’ stock price target to $48.00 from $46.00, maintaining a Hold rating. This adjustment follows Rollins’ strong fourth-quarter performance, despite increased sales and marketing expenses impacting EBITDA estimates. These developments reflect Rollins’ ongoing efforts to optimize its financial structure and capitalize on growth opportunities.
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