Rollins, Inc. (NYSE:ROL – Get Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as $44.09 and last traded at $44.3310, with a volume of 86570 shares trading hands. The stock had previously closed at $44.96.
Analyst Upgrades and Downgrades
ROL has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 price target on shares of Rollins in a research note on Thursday, April 23rd. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company decreased their price objective on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $70.00 to $52.00 in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Rollins presently has an average rating of “Moderate Buy” and an average price target of $63.71.
Check Out Our Latest Stock Report on Rollins
Rollins Stock Performance
Rollins (NYSE:ROL – Get Free Report) last posted its quarterly 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 analyst estimates of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current year.
Rollins Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio is presently 66.97%.
Institutional Investors Weigh In On Rollins
Several hedge funds have recently bought and sold shares of ROL. Vanguard Group Inc. raised its stake in Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after buying an additional 1,562,241 shares during the period. State Street Corp boosted its stake in shares of Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after acquiring an additional 575,946 shares during the period. Geode Capital Management LLC increased its holdings in shares of Rollins by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after acquiring an additional 626,866 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Rollins by 8.2% during the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after acquiring an additional 461,869 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Rollins during the 4th quarter worth approximately $244,669,000. 51.79% of the stock is currently 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.
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