Rollins (NYSE:ROL) Earns Buy Rating from Analysts at Argus

Argus assumed coverage on shares of Rollins (NYSE:ROL) in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $68.00 target price on the business services provider’s stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company increased their price objective on Rollins from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Canaccord Genuity Group raised their target price on Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Barclays raised their target price on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group upgraded Rollins from a “hold” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus target price of $58.56.

Rollins Stock Performance

Shares of ROL opened at $56.06 on Wednesday. Rollins has a 12 month low of $45.34 and a 12 month high of $58.65. The stock has a fifty day moving average price of $56.41 and a 200-day moving average price of $52.10. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a market cap of $27.17 billion, a PE ratio of 56.62 and a beta of 0.77.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Rollins will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 12th. Rollins’s dividend payout ratio is currently 66.67%.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider now directly owns 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the firm’s 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 sale, the chairman now owns 662,727 shares in the company, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,842 shares of company stock valued at $2,480,861. Company insiders own 4.47% of the company’s stock.

Institutional Investors Weigh In On Rollins

Institutional investors have recently modified their holdings of the business. Apeiron RIA LLC purchased a new position in Rollins in the 1st quarter valued at about $503,000. Geneos Wealth Management Inc. lifted its stake in Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Rollins by 43.7% in the 1st quarter. IFM Investors Pty Ltd now owns 72,443 shares of the business services provider’s stock valued at $3,914,000 after buying an additional 22,038 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Rollins in the 1st quarter valued at about $428,000. Finally, SCS Capital Management LLC purchased a new position in Rollins in the 1st quarter valued at about $251,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

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.