Rollins (NYSE:ROL) Now Covered by Analysts at Argus

Investment analysts at Argus started coverage on shares of Rollins (NYSE:ROL) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $68.00 price target on the business services provider’s stock. Argus’ price objective would indicate a potential upside of 20.57% from the stock’s previous close.

Several other brokerages also recently issued reports on ROL. Barclays lifted their target price on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Royal Bank Of Canada raised their target price on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Canaccord Genuity Group raised their price objective on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.56.

Rollins Stock Performance

ROL opened at $56.40 on Wednesday. The company has a 50 day simple moving average of $56.35 and a two-hundred day simple moving average of $52.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The firm has a market cap of $27.33 billion, a P/E ratio of 56.97 and a beta of 0.77. Rollins has a 1-year low of $45.34 and a 1-year high of $58.65.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting 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 the consensus estimate of $817.09 million. During the same quarter in the prior year, the firm posted $0.20 EPS. Rollins’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Rollins will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares of the company’s stock, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated 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 now directly owns 662,727 shares in the company, 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. In the last 90 days, insiders sold 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rollins

A number of institutional investors and hedge funds have recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Rollins by 9.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock valued at $1,353,000 after buying an additional 2,574 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Rollins by 169.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,672 shares during the period. Pallas Capital Advisors LLC bought a new position in Rollins in the first quarter worth approximately $225,000. Proficio Capital Partners LLC purchased a new position in Rollins during the 4th quarter worth $4,943,000. Finally, Royal London Asset Management Ltd. raised its position in Rollins by 15.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 151,548 shares of the business services provider’s stock valued at $7,024,000 after purchasing an additional 20,156 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.