Pest control firm Rollins down after top holders offload $1 bln of shares

Rollins

11/11/2025 12:29

** Shares of pest control co Rollins Inc ROL.N down 1.6% at $57.65 before the bell after overnight secondary offering priced

** Atlanta, Georgia-based firm late Mon announced existing holders LOR Inc and Rollins Holding Co parted ways with ~17.4 mln shares

** Offering price of $57.50 is 1.8% discount to stock's last close

** In addition, co to repurchase ~3.5 mln shares, about $200 mln worth, of offering shares from sole bookrunner Morgan Stanley

** The selling entities are controlled by Gary Rollins, co's executive chairman emeritus, and include other members of the Rollins family as part of the "Significant Shareholder Group", per the prospectus filing

** Prior to this offering and share repurchase, the Significant Shareholder Group owned ~202.5 mln shares of co's ~484.6 mln shares outstanding

** Through Mon close, ROL shares up 26% YTD vs 17% advance in S&P 500 Industrials sector .SPLRCI

** ROL's brands include Orkin and Western Pest Services, and co has franchised locations in about 70 countries

** 8 of 15 analysts rate ROL "strong buy" or "buy", rest rate "hold"; median PT is $61.50, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))