Analysts Set Rollins, Inc. (NYSE:ROL) PT at $49.83

Rollins, Inc. (NYSE:ROL) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $49.83.

Several research analysts have recently issued reports on ROL shares. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays initiated coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price target on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th.

Rollins Stock Performance

Shares of ROL opened at $50.19 on Wednesday. Rollins has a 1 year low of $37.61 and a 1 year high of $51.96. The stock has a market capitalization of $24.31 billion, a PE ratio of 52.28 and a beta of 0.70. 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 stock has a 50-day simple moving average of $49.52 and a 200-day simple moving average of $48.44.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, analysts predict that Rollins will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.165 dividend. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.69% of the company’s stock.

Institutional Trading of Rollins

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its holdings in Rollins by 4.7% in the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in shares of Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the period. Mather Group LLC. increased its position in Rollins by 8.8% during the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after purchasing an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares during the period. Hedge funds and other 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.