Rollins (NYSE:ROL) Now Covered by Analysts at Canaccord Genuity Group

Stock analysts at Canaccord Genuity Group initiated coverage on shares of Rollins (NYSE:ROL) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $48.00 price target on the business services provider’s stock. Canaccord Genuity Group’s price objective indicates a potential upside of 5.19% from the company’s current price.

Other analysts also recently issued research reports about the company. Morgan Stanley boosted their price objective on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Barclays began coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.83.

Rollins Trading Down 1.2 %

Shares of NYSE:ROL opened at $45.63 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 47.53 and a beta of 0.75. Rollins has a 1-year low of $40.41 and a 1-year high of $52.16. The company has a 50 day moving average price of $48.62 and a 200 day moving average price of $49.11.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. On average, research analysts anticipate that Rollins will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Institutional Trading of Rollins

A number of institutional investors and hedge funds have recently made changes to their positions in ROL. Central Pacific Bank Trust Division acquired a new stake in shares of Rollins in the fourth quarter worth $848,000. Dudley & Shanley Inc. boosted its stake in Rollins by 2.5% during the 4th quarter. Dudley & Shanley Inc. now owns 455,750 shares of the business services provider’s stock valued at $21,124,000 after purchasing an additional 11,200 shares during the period. GAMMA Investing LLC grew its holdings in Rollins by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 8,007 shares of the business services provider’s stock valued at $371,000 after buying an additional 1,148 shares during the last quarter. Versant Capital Management Inc increased its position in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after buying an additional 326 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 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.