Rollins (NYSE:ROL) Stock Price Expected to Rise, UBS Group Analyst Says

Rollins (NYSE:ROL) had its price objective hoisted by equities research analysts at UBS Group from $52.00 to $53.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective indicates a potential upside of 9.50% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley upped their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Canaccord Genuity Group began coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.50.

Rollins Price Performance

Shares of NYSE:ROL opened at $48.40 on Friday. The company has a market cap of $23.44 billion, a price-to-earnings ratio of 50.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $48.39 and a 200 day simple moving average of $48.96. Rollins has a one year low of $40.41 and a one year high of $52.16.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. Research analysts predict that Rollins will post 0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in shares of Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after buying an additional 61,475 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Rollins in the third quarter valued at $1,428,000. Westfield Capital Management Co. LP bought a new position in shares of Rollins in the third quarter valued at $5,102,000. Intech Investment Management LLC lifted its stake in shares of Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after buying an additional 79,546 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after purchasing an additional 420,399 shares in the last quarter. 51.79% of the stock is owned by 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.