Rollins (NYSE:ROL) Price Target Raised to $43.00 at Morgan Stanley

Rollins (NYSE:ROL) had its price target upped by Morgan Stanley from $42.00 to $43.00 in a research report released on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.

A number of other analysts have also issued reports on the stock. UBS Group restated a neutral rating and issued a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. StockNews.com lowered shares of Rollins from a buy rating to a hold rating in a research note on Thursday. Royal Bank of Canada reiterated an outperform rating and set a $52.00 target price on shares of Rollins in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group began coverage on shares of Rollins in a research note on Tuesday, January 2nd. They set a buy rating and a $49.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $47.00.

Rollins Trading Up 1.4 %

ROL opened at $44.90 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $44.54 and its 200-day moving average is $42.11. The firm has a market capitalization of $21.76 billion, a P/E ratio of 50.45, a P/E/G ratio of 3.48 and a beta of 0.63. Rollins has a 52-week low of $32.19 and a 52-week high of $47.45.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million during the quarter, compared to analyst estimates of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Analysts expect that Rollins will post 1 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.34%. Rollins’s payout ratio is 67.42%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the transaction, the insider now owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the transaction, the chief financial officer now owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares of the company’s stock, valued at approximately $4,093,054.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,824 shares of company stock valued at $994,558. 4.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rollins

Several institutional investors have recently bought and sold shares of ROL. Norges Bank acquired a new stake in Rollins in the fourth quarter worth about $256,862,000. Vanguard Group Inc. lifted its holdings in Rollins by 18.7% in the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after purchasing an additional 5,041,371 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Rollins by 40.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after purchasing an additional 2,682,017 shares during the period. APG Asset Management US Inc. acquired a new stake in Rollins in the fourth quarter worth about $77,075,000. Finally, TD Asset Management Inc lifted its holdings in Rollins by 217.3% in the fourth quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after purchasing an additional 1,690,668 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

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.