Royal Bank of Canada Reiterates “Outperform” Rating for Rollins (NYSE:ROL)

Royal Bank of Canada reaffirmed their outperform rating on shares of Rollins (NYSE:ROL) in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a $52.00 price objective on the business services provider’s stock.

ROL has been the subject of several other research reports. UBS Group reaffirmed a neutral rating and issued a $49.00 target price on shares of Rollins in a research report on Monday, April 15th. StockNews.com upgraded Rollins from a hold rating to a buy rating in a research note on Wednesday, July 10th. Finally, Morgan Stanley boosted their target price on Rollins from $42.00 to $43.00 and gave the company an equal weight rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $46.60.

Rollins Stock Performance

Shares of Rollins stock opened at $45.93 on Thursday. The stock has a market cap of $22.24 billion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 3.50 and a beta of 0.70. The business has a fifty day simple moving average of $48.27 and a 200-day simple moving average of $45.84. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. Rollins has a 12 month low of $32.19 and a 12 month high of $50.87.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $891.90 million during the quarter, compared to analysts’ expectations of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. Rollins’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, sell-side analysts anticipate that Rollins will post 1.01 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Transactions at Rollins

In related news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the completion of the transaction, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rollins

Several large investors have recently added to or reduced their stakes in ROL. Lindbrook Capital LLC grew its position in Rollins by 72.4% during the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after acquiring an additional 260 shares during the last quarter. Spire Wealth Management grew its position in Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after acquiring an additional 440 shares during the last quarter. Quent Capital LLC grew its position in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after acquiring an additional 236 shares during the last quarter. Principal Securities Inc. bought a new stake in Rollins during the 4th quarter worth approximately $36,000. Finally, Blue Trust Inc. grew its position in Rollins by 65.9% during the 4th 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 during the last quarter. 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.