Rollins (NYSE:ROL) Price Target Raised to $53.00

Rollins (NYSE:ROL) had its target price upped by UBS Group from $52.00 to $53.00 in a research report released on Friday,Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

Several other research firms also recently weighed in on ROL. Morgan Stanley raised their price target on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group began coverage on shares of Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price for the company. Wells Fargo & Company raised 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. Barclays began coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.50.

Rollins Stock Up 0.2 %

Rollins stock opened at $48.40 on Friday. Rollins has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 50.42 and a beta of 0.75. The stock’s fifty day moving average is $48.39 and its two-hundred day moving average is $48.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last posted its earnings results 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). The business had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Analysts predict that Rollins will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.69% of the company’s stock.

Institutional Investors Weigh In On Rollins

Several institutional investors have recently bought and sold shares of ROL. Montrusco Bolton Investments Inc. boosted its position in Rollins by 14.0% during 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. Fiera Capital Corp acquired a new position in shares of Rollins during the third quarter worth about $43,225,000. Point72 Asset Management L.P. purchased a new stake in shares of Rollins in the third quarter worth about $28,980,000. JPMorgan Chase & Co. grew its stake in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after buying an additional 420,399 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Rollins by 535.2% during the 4th quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock valued at $12,115,000 after buying an additional 220,230 shares during the period. 51.79% of the stock is currently 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.