Rollins (NYSE:ROL) Reaches New 1-Year High – Should You Buy?

Rollins, Inc. (NYSE:ROL) shares reached a new 52-week high on Wednesday . The company traded as high as $62.12 and last traded at $61.96, with a volume of 86708 shares. The stock had previously closed at $61.64.

Wall Street Analyst Weigh In

ROL has been the subject of several recent analyst reports. Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $72.00 in a research note on Friday, December 5th. JPMorgan Chase & Co. started coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Rollins in a research report on Tuesday, December 23rd. Finally, Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research note on Monday, November 3rd. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average price target of $66.92.

Rollins Stock Performance

The stock has a market cap of $29.96 billion, a PE ratio of 57.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. The business’s fifty day moving average price is $59.93 and its 200-day moving average price is $57.96.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.Rollins’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 10th. Rollins’s payout ratio is currently 68.22%.

Insider Activity

In related news, Chairman John F. Wilson sold 1,520 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $59.40, for a total transaction of $90,288.00. Following the completion of the transaction, the chairman owned 607,587 shares in the company, valued at $36,090,667.80. This represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 2,396 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $60.06, for a total transaction of $143,903.76. Following the transaction, the insider directly owned 29,231 shares in the company, valued at approximately $1,755,613.86. The trade was a 7.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,707 shares of company stock worth $515,664. Corporate insiders own 4.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Board of the Pension Protection Fund purchased a new position in Rollins during the 4th quarter worth approximately $30,000. Root Financial Partners LLC purchased a new stake in shares of Rollins in the 3rd quarter worth about $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Rollins in the 2nd quarter valued at about $30,000. TD Waterhouse Canada Inc. lifted its position in Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after buying an additional 269 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Rollins during the 2nd quarter worth $42,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.