Rollins (NYSE:ROL) Price Target Raised to $50.00

Rollins (NYSE:ROL) had its price target raised by Morgan Stanley from $48.00 to $50.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other equities analysts also recently weighed in on the stock. UBS Group boosted their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Canaccord Genuity Group upped their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.00.

Rollins Price Performance

Shares of NYSE:ROL opened at $50.70 on Friday. The company’s 50-day moving average is $48.09 and its 200 day moving average is $49.02. 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 $24.55 billion, a P/E ratio of 52.81 and a beta of 0.76. Rollins has a fifty-two week low of $40.41 and a fifty-two week high of $52.83.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. On average, equities research analysts forecast that Rollins will post 0.99 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Institutional Investors Weigh In On Rollins

A number of institutional investors and hedge funds have recently modified their holdings of the company. Montrusco Bolton Investments Inc. lifted its holdings in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after buying an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after buying an additional 1,282,508 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock worth $197,778,000 after buying an additional 617,876 shares in the last quarter. Norges Bank purchased a new stake in shares of Rollins in the fourth quarter worth about $176,784,000. Finally, Northern Trust Corp lifted its holdings in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock worth $141,221,000 after buying an additional 322,610 shares in the last quarter. 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.