Analysts Set Rollins, Inc. (NYSE:ROL) PT at $60.50

Rollins, Inc. (NYSE:ROL) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $60.50.

ROL has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their target price on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Piper Sandler initiated coverage on shares of Rollins in a research report on Tuesday, July 1st. They set an “overweight” rating and a $70.00 price target on the stock. Argus initiated coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target on the stock. Finally, Barclays increased their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th.

Insider Transactions at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman owned 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares of the company’s stock, valued at $2,150,103.12. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.47% of the company’s stock.

Hedge Funds Weigh In On Rollins

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Rollins by 9.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock valued at $1,353,000 after buying an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 2,254 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Rollins by 169.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,672 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Rollins during the 1st quarter valued at about $225,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Rollins during the 1st quarter valued at about $464,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 1.1%

ROL opened at $55.64 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 56.20 and a beta of 0.75. The business has a 50-day moving average of $56.58 and a two-hundred day moving average of $53.23. Rollins has a 12 month low of $45.34 and a 12 month high of $58.65.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The business had revenue of $822.50 million during the quarter, compared to analysts’ expectations of $817.09 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts expect that Rollins will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.19%. Rollins’s dividend payout ratio is presently 66.67%.

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.