Wells Fargo & Company Increases Rollins (NYSE:ROL) Price Target to $56.00

Rollins (NYSE:ROL) had its target price hoisted by analysts at Wells Fargo & Company from $54.00 to $56.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 13.89% from the stock’s current price.

A number of other equities analysts have also recently commented on ROL. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.17.

Rollins Price Performance

Shares of NYSE ROL opened at $49.17 on Tuesday. The stock has a market capitalization of $23.81 billion, a PE ratio of 55.25 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The business has a fifty day moving average price of $49.81 and a two-hundred day moving average price of $47.98. Rollins has a fifty-two week low of $32.19 and a fifty-two week high of $51.96.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company had revenue of $891.90 million during the quarter, compared to analysts’ expectations of $895.02 million. During the same quarter in the previous year, the firm earned $0.23 EPS. Rollins’s revenue was up 8.7% on a year-over-year basis. As a group, equities analysts predict that Rollins will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated 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 approximately $4,543,999.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,056 shares of company stock worth $698,347 in the last 90 days. Insiders own 4.69% of the company’s stock.

Institutional Investors Weigh In On Rollins

Institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc boosted its position in shares of Rollins by 14.5% during the 1st 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 in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Rollins by 185.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after purchasing an additional 249,860 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of Rollins by 20.8% during the 1st quarter. Geneva Capital Management LLC now owns 375,845 shares of the business services provider’s stock valued at $17,390,000 after purchasing an additional 64,639 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after purchasing an additional 317,353 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its position in shares of Rollins by 22.4% during the 1st quarter. Annex Advisory Services LLC now owns 179,282 shares of the business services provider’s stock valued at $8,295,000 after purchasing an additional 32,767 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

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.