Barclays Issues Positive Forecast for Rollins (NYSE:ROL) Stock Price

Rollins (NYSE:ROL) had its price objective lifted by analysts at Barclays from $50.00 to $55.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price target would suggest a potential upside of 5.47% from the stock’s current price.

Several other brokerages also recently issued reports on ROL. UBS Group boosted their price objective on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley upped their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group raised their target price on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.83.

Rollins Stock Performance

ROL stock opened at $52.15 on Friday. Rollins has a 1 year low of $41.72 and a 1 year high of $56.26. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 54.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock’s fifty day moving average is $51.46 and its two-hundred day moving average is $49.69.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, meeting 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 EPS for the current year.

Insiders Place Their Bets

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now owns 41,173 shares of the company’s stock, valued at $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,338 shares of company stock worth $945,882. 4.47% of the stock is owned by insiders.

Institutional Trading of Rollins

A number of hedge funds have recently made changes to their positions in ROL. Murphy & Mullick Capital Management Corp acquired a new position in Rollins in the 4th quarter worth about $29,000. Centricity Wealth Management LLC acquired a new position in shares of Rollins during the 4th quarter worth $31,000. Mizuho Bank Ltd. bought a new position in shares of Rollins during the 4th quarter valued at $37,000. Versant Capital Management Inc raised its holdings in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in shares of Rollins in the 4th quarter valued at $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

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.