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

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

A number of other equities research analysts have also issued reports on ROL. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley raised their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group assumed 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.50.

Rollins Stock Performance

NYSE:ROL opened at $49.93 on Tuesday. The stock has a 50-day moving average price of $47.98 and a 200 day moving average price of $48.90. The stock has a market capitalization of $24.18 billion, a P/E ratio of 52.01 and a beta of 0.76. Rollins has a 12-month low of $40.41 and a 12-month high of $52.16. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’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 transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.69% of the company’s stock.

Hedge Funds Weigh In On Rollins

A number of large investors have recently made changes to their positions in ROL. Advisors Asset Management Inc. lifted its stake in Rollins by 25.1% in the fourth quarter. Advisors Asset Management Inc. now owns 128,895 shares of the business services provider’s stock worth $5,974,000 after purchasing an additional 25,902 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Rollins by 3.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,868 shares of the business services provider’s stock worth $781,000 after buying an additional 551 shares during the period. Kensington Investment Counsel LLC lifted its stake in shares of Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after acquiring an additional 263 shares during the last quarter. Axxcess Wealth Management LLC grew its position in Rollins by 3.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 36,635 shares of the business services provider’s stock valued at $1,698,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Rollins by 0.4% in the fourth quarter. Signaturefd LLC now owns 159,424 shares of the business services provider’s stock worth $7,389,000 after purchasing an additional 663 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.