Rollins (NYSE:ROL) Research Coverage Started at Barclays

Barclays started coverage on shares of Rollins (NYSE:ROL) in a research note published on Monday, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $50.00 price objective on the business services provider’s stock.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company upped their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.83.

Rollins Stock Up 0.1 %

ROL opened at $48.62 on Monday. Rollins has a 1-year low of $37.61 and a 1-year high of $51.96. The business has a 50 day moving average of $49.54 and a 200-day moving average of $48.38. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of 50.65 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same period last year, the company earned $0.28 EPS. The company’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Rollins will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is currently 62.50%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.69% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fiera Capital Corp acquired a new stake in shares of Rollins in the 3rd quarter valued at $43,225,000. Intech Investment Management LLC increased its position in Rollins by 502.8% in the first quarter. Intech Investment Management LLC now owns 572,181 shares of the business services provider’s stock worth $26,475,000 after purchasing an additional 477,256 shares during the period. TD Asset Management Inc raised its holdings in Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after purchasing an additional 357,535 shares during the last quarter. Cetera Investment Advisers raised its holdings in Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after purchasing an additional 317,353 shares during the last quarter. Finally, M&G Plc acquired a new position in Rollins during the 1st quarter valued at about $14,072,000. 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.