Rollins (NYSE:ROL) Coverage Initiated by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Rollins (NYSE:ROL) in a report issued on Monday, MarketBeat reports. The firm issued a hold rating and a $56.00 price target on the business services provider’s stock.

ROL has been the subject of several other research reports. Canaccord Genuity Group set a $52.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, February 13th. UBS Group set a $58.00 price objective on shares of Rollins and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company set a $56.00 price objective on shares of Rollins and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Bank of America assumed coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. Finally, Royal Bank Of Canada set a $67.00 price objective on shares of Rollins and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and a consensus price target of $64.86.

Rollins Trading Up 0.8%

ROL opened at $54.66 on Monday. The firm has a market cap of $26.34 billion, a P/E ratio of 50.14, a P/E/G ratio of 3.34 and a beta of 0.84. Rollins has a 12 month low of $51.77 and a 12 month high of $66.14. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $57.54 and a 200 day moving average of $58.85.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $912.91 million during the quarter, compared to the consensus estimate of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. As a group, research analysts forecast that Rollins will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Rollins’s payout ratio is currently 66.97%.

Insider Activity

In other news, CEO Jerry Jr. Gahlhoff sold 1,307 shares of Rollins stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $82,118.81. Following the completion of the sale, the chief executive officer owned 327,079 shares of the company’s stock, valued at approximately $20,550,373.57. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 887 shares of Rollins stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $63.26, for a total transaction of $56,111.62. Following the sale, the insider directly owned 28,344 shares of the company’s stock, valued at $1,793,041.44. This represents a 3.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 67,039 shares of company stock valued at $4,177,480. Insiders own 5.77% of the company’s stock.

Institutional Trading of Rollins

Several institutional investors and hedge funds have recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after acquiring an additional 1,620 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Rollins by 16.7% during the first quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 918 shares in the last quarter. Woodline Partners LP raised its stake in Rollins by 40.7% in the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock worth $1,282,000 after buying an additional 6,859 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock worth $20,803,000 after buying an additional 239,361 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.