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

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

A number of other equities research analysts have also recently weighed in on the company. StockNews.com downgraded Rollins from a buy rating to a hold rating in a research report on Thursday, April 25th. UBS Group reiterated a neutral rating and set a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. The Goldman Sachs Group initiated coverage on shares of Rollins in a report on Tuesday, January 2nd. They set a buy rating and a $49.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $47.00.

Rollins Stock Down 0.3 %

ROL opened at $44.77 on Friday. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 3.51 and a beta of 0.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72. The firm’s 50-day simple moving average is $44.61 and its 200-day simple moving average is $42.26. Rollins has a twelve month low of $32.19 and a twelve month high of $47.45.

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

Rollins Dividend Announcement

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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. Rollins’s payout ratio is presently 67.42%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value 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 $4,093,054.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,824 shares of company stock valued at $1,219,558. 4.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in shares of Rollins by 72.4% during the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after purchasing an additional 260 shares in the last quarter. Spire Wealth Management lifted its holdings in Rollins by 139.7% during the fourth quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after acquiring an additional 440 shares in the last quarter. Principal Securities Inc. bought a new position in Rollins during the fourth quarter worth about $36,000. Operose Advisors LLC acquired a new position in Rollins in the third quarter valued at about $47,000. Finally, Blue Trust Inc. increased its holdings in shares of Rollins by 65.9% in the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after acquiring an additional 577 shares in the last quarter. Institutional investors 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.