Rollins (NYSE:ROL) Rating Lowered to Hold at StockNews.com

Rollins (NYSE:ROL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

ROL has been the topic of several other reports. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Wells Fargo & Company increased their target price on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

Rollins Trading Up 0.1 %

Shares of NYSE ROL opened at $46.54 on Thursday. Rollins has a twelve month low of $35.54 and a twelve month high of $51.96. The firm has a market cap of $22.54 billion, a PE ratio of 49.51 and a beta of 0.70. The business has a fifty day simple moving average of $49.89 and a two-hundred day simple moving average of $48.13. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that Rollins will post 1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,056 shares of company stock valued at $698,347. Insiders own 4.69% of the company’s stock.

Institutional Trading of Rollins

Several large investors have recently made changes to their positions in the business. TD Asset Management Inc lifted its position in Rollins by 14.5% during the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after purchasing an additional 357,535 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Rollins by 185.0% in the second quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock worth $18,781,000 after buying an additional 249,860 shares during the last quarter. Geneva Capital Management LLC grew its holdings in Rollins by 20.8% during the first quarter. Geneva Capital Management LLC now owns 375,845 shares of the business services provider’s stock worth $17,390,000 after acquiring an additional 64,639 shares during the period. Cetera Investment Advisers raised its position in Rollins by 4,697.4% during the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after acquiring an additional 317,353 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its holdings in Rollins by 328.2% in the first quarter. Motley Fool Asset Management LLC now owns 38,268 shares of the business services provider’s stock valued at $1,771,000 after acquiring an additional 29,331 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

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.