Shares of Rollins, Inc. (NYSE:ROL – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $65.2667.
Several equities analysts have recently weighed in on the company. Bank of America assumed coverage on Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target for the company. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Wells Fargo & Company set a $56.00 price target on Rollins and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Morgan Stanley set a $70.00 price target on Rollins in a research report on Friday, February 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $67.00 price target on shares of Rollins in a research report on Thursday, April 23rd.
View Our Latest Research Report on ROL
Rollins Trading Up 1.1%
Rollins (NYSE:ROL – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. As a group, research analysts forecast that Rollins will post 1.24 EPS for the current year.
Rollins Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be given a dividend of $0.1825 per share. The ex-dividend date is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. Rollins’s dividend payout ratio is currently 66.97%.
Insider Buying and Selling at Rollins
In other news, insider Elizabeth B. Chandler sold 14,201 shares of the company’s 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 sale, the insider directly owned 55,977 shares in the company, valued at $3,322,794.72. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.77% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Mirabella Financial Services LLP purchased a new stake in Rollins in the third quarter worth approximately $1,739,000. Jefferies Financial Group Inc. boosted its stake in Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after buying an additional 68,647 shares in the last quarter. National Pension Service boosted its stake in Rollins by 353.2% in the third quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock worth $1,264,000 after buying an additional 16,771 shares in the last quarter. Eastern Bank boosted its stake in Rollins by 17.0% in the third quarter. Eastern Bank now owns 57,214 shares of the business services provider’s stock worth $3,361,000 after buying an additional 8,331 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Rollins by 40.9% in the third quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock worth $63,866,000 after buying an additional 315,456 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.
About Rollins
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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