Rollins (NYSE:ROL) Given New $58.00 Price Target at Wells Fargo & Company

Rollins (NYSE:ROL) had its target price hoisted by Wells Fargo & Company from $56.00 to $58.00 in a research note issued to investors on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the business services provider’s stock.

Several other brokerages have also issued reports on ROL. 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 target on the stock. Morgan Stanley lifted their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.00.

Rollins Price Performance

ROL stock opened at $48.56 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins has a 12 month low of $40.41 and a 12 month high of $52.16. The firm has a market cap of $23.52 billion, a P/E ratio of 51.40 and a beta of 0.72. The company’s 50-day moving average price is $49.35 and its two-hundred day moving average price is $49.22.

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

Rollins Increases Dividend

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

Insiders Place Their Bets

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in shares of Rollins during the 3rd quarter valued at $28,000. Quest Partners LLC acquired a new position in shares of Rollins during the 2nd quarter valued at $33,000. Ridgewood Investments LLC bought a new stake in Rollins during the 2nd quarter valued at $34,000. True Wealth Design LLC increased its stake in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 921 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Company Profile

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.