Rollins, Inc. (NYSE:ROL) Receives $51.50 Average Price Target from Analysts

Shares of Rollins, Inc. (NYSE:ROL) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $51.50.

ROL has been the topic of several research analyst reports. Barclays started coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Canaccord Genuity Group initiated coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th.

Insider Activity at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. raised its position in Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rollins by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after acquiring an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after acquiring an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. grew its position in Rollins by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after acquiring an additional 31,458 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Rollins by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock worth $105,247,000 after purchasing an additional 172,009 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE ROL opened at $48.43 on Monday. Rollins has a one year low of $40.41 and a one year high of $52.16. The stock has a 50-day moving average of $48.29 and a 200 day moving average of $48.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 50.45 and a beta of 0.75.

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 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that Rollins will post 0.99 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.36%. Rollins’s dividend payout ratio is currently 68.75%.

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.