Analysts Set Rollins, Inc. (NYSE:ROL) Price Target at $62.18

Shares of Rollins, Inc. (NYSE:ROL) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $62.1818.

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rollins in a report on Saturday, September 27th. UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Finally, Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company’s stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.47% of the stock is currently owned by insiders.

Institutional Trading of Rollins

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Rollins during the first quarter valued at approximately $225,000. Oppenheimer & Co. Inc. bought a new stake in shares of Rollins during the first quarter valued at approximately $464,000. Gallacher Capital Management LLC bought a new stake in shares of Rollins during the second quarter valued at approximately $256,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Rollins by 305.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider’s stock valued at $8,631,000 after acquiring an additional 120,294 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

NYSE ROL opened at $58.74 on Friday. The business’s fifty day moving average price is $57.27 and its 200-day moving average price is $56.22. The stock has a market capitalization of $28.47 billion, a price-to-earnings ratio of 58.16 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins has a 1-year low of $45.34 and a 1-year high of $59.12.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company had revenue of $999.53 million for the quarter, compared to analysts’ expectations of $988.77 million. During the same period last year, the firm earned $0.27 EPS. Rollins’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Rollins will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins’s dividend payout ratio (DPR) is presently 65.35%.

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.