Royal Bank of Canada Issues Positive Forecast for Rollins (NYSE:ROL) Stock Price

Rollins (NYSE:ROL) had its price objective upped by Royal Bank of Canada from $52.00 to $62.00 in a research report report published on Thursday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the business services provider’s stock.

A number of other equities analysts also recently commented on ROL. Barclays lifted their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Morgan Stanley lifted their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group increased their price objective on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.50.

Rollins Price Performance

NYSE:ROL opened at $55.80 on Thursday. Rollins has a one year low of $42.25 and a one year high of $56.26. The stock has a market cap of $27.07 billion, a PE ratio of 58.13 and a beta of 0.80. 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 has a 50 day moving average price of $52.47 and a 200 day moving average price of $49.99.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. Rollins’s payout ratio is presently 68.75%.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 of the company’s stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,259 shares of company stock valued at $1,047,330. Corporate insiders own 4.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KFG Wealth Management LLC increased its holdings in Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock worth $611,000 after purchasing an additional 211 shares during the period. Eastern Bank increased its stake in shares of Rollins by 0.5% during the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after buying an additional 236 shares during the period. QRG Capital Management Inc. raised its holdings in Rollins by 3.2% in the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 251 shares in the last quarter. Keel Point LLC lifted its stake in Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after acquiring an additional 262 shares during the last quarter. Finally, Kensington Investment Counsel LLC grew its holdings in Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after acquiring an additional 263 shares in the last quarter. 51.79% of the stock is currently 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.