Analysts Set Rollins, Inc. (NYSE:ROL) PT at $60.50

Shares of Rollins, Inc. (NYSE:ROL) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $60.50.

A number of research firms have commented on ROL. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a “buy” rating and a $68.00 price objective for the company. Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Finally, Piper Sandler began coverage on shares of Rollins in a research note on Tuesday, July 1st. They set an “overweight” rating and a $70.00 price objective for the company.

Rollins Stock Performance

NYSE:ROL opened at $55.64 on Monday. Rollins has a twelve month low of $45.34 and a twelve month high of $58.65. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $56.58 and a 200-day moving average of $53.23. The firm has a market cap of $26.97 billion, a price-to-earnings ratio of 56.20 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same quarter last year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts forecast that Rollins will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, May 12th. Rollins’s dividend payout ratio (DPR) is 66.67%.

Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company’s stock, valued at $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman directly owned 662,727 shares of the company’s stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.47% of the stock is owned by corporate insiders.

Institutional Trading of Rollins

A number of hedge funds have recently made changes to their positions in ROL. City Holding Co. bought a new position in Rollins during the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Rollins during the fourth quarter valued at approximately $29,000. GW&K Investment Management LLC raised its position in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 548 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Rollins during the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC raised its position in Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 340 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other 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.