Rollins, Inc. (NYSE:ROL – Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $52.29 and last traded at $52.33, with a volume of 435625 shares changing hands. The stock had previously closed at $52.98.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ROL. UBS Group raised their price objective on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the company a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and set a $67.00 price objective on shares of Rollins in a report on Thursday, April 23rd. Loop Capital began coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective on the stock. Finally, Bank of America began coverage on Rollins in a report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.
Get Our Latest Research Report on Rollins
Rollins Price Performance
Rollins (NYSE:ROL – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. Equities research analysts forecast that Rollins, Inc. will post 1.24 EPS for the current fiscal year.
Rollins Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.4%. Rollins’s payout ratio is presently 66.97%.
Insider Buying and Selling
In other Rollins news, insider Elizabeth B. Chandler sold 14,201 shares of Rollins stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $59.36, for a total transaction of $842,971.36. Following the transaction, the insider directly owned 55,977 shares of the company’s stock, valued at approximately $3,322,794.72. The trade was a 20.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.77% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. LRI Investments LLC lifted its stake in Rollins by 8.7% in the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Rollins by 1.1% in the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock valued at $874,000 after acquiring an additional 183 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Rollins by 0.3% in the first quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after acquiring an additional 185 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in Rollins by 1.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock valued at $773,000 after acquiring an additional 200 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Rollins by 3.9% in the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 203 shares during the last quarter. 51.79% of the stock is owned by institutional investors.
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.
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