Brokerages Set Rollins, Inc. (NYSE:ROL) PT at $52.83

Rollins, Inc. (NYSE:ROL) has been given a consensus rating of “Hold” by the six brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $52.83.

Several analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Wells Fargo & Company boosted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Barclays increased their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th.

Rollins Stock Performance

NYSE ROL opened at $53.20 on Friday. The business’s 50-day moving average price is $51.70 and its 200 day moving average price is $49.75. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins has a twelve month low of $41.72 and a twelve month high of $56.26. The company has a market capitalization of $25.81 billion, a PE ratio of 55.42 and a beta of 0.80.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, research analysts predict that Rollins will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares in the company, valued at $509,866.20. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,338 shares of company stock worth $945,882. 4.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rollins

A number of hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in Rollins in the fourth quarter worth $176,784,000. Marshall Wace LLP lifted its holdings in Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock worth $128,396,000 after acquiring an additional 2,203,859 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Rollins in the fourth quarter valued at approximately $81,747,000. Raymond James Financial Inc. bought a new position in shares of Rollins during the fourth quarter valued at approximately $74,249,000. Finally, Geode Capital Management LLC raised its position in shares of Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after purchasing an additional 1,282,508 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Rollins

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.