Rollins (NYSE:ROL – Get Free Report) had its price target increased by analysts at Wells Fargo & Company from $62.00 to $63.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 9.95% from the company’s current price.
Several other research analysts have also recently commented on the company. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Barclays raised their target price on shares of Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Canaccord Genuity Group upped their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, April 25th. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and upped their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.38.
Read Our Latest Stock Analysis on ROL
Rollins Trading Up 0.5%
Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million for the quarter, compared to analysts’ expectations of $817.09 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts expect that Rollins will post 1.09 EPS for the current fiscal year.
Insider Activity at Rollins
In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares of the company’s stock, valued at approximately $2,093,388.40. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,842 shares of company stock worth $2,480,861. Insiders own 4.47% of the company’s stock.
Institutional Trading of Rollins
Large investors have recently made changes to their positions in the company. Security Financial Services INC. lifted its stake in Rollins by 3.2% during the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock worth $309,000 after purchasing an additional 178 shares during the last quarter. KFG Wealth Management LLC raised its holdings in shares of Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock worth $611,000 after buying an additional 211 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Rollins by 1.7% during the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after buying an additional 214 shares during the last quarter. Horizon Investments LLC boosted its stake in Rollins by 5.8% in the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock valued at $219,000 after buying an additional 224 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Rollins by 11.0% in the first quarter. Allworth Financial LP now owns 2,317 shares of the business services provider’s stock valued at $129,000 after buying an additional 230 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.
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