Rollins (NYSE:ROL) Price Target Raised to $53.00

Rollins (NYSE:ROL) had its target price upped by stock analysts at UBS Group from $52.00 to $53.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target indicates a potential upside of 9.20% from the stock’s current price.

A number of other brokerages have also recently commented on ROL. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Canaccord Genuity Group assumed coverage on shares of Rollins in a report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Morgan Stanley raised their price objective on shares of 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 raised their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.50.

Rollins Stock Performance

Shares of NYSE ROL traded up $0.24 during mid-day trading on Friday, hitting $48.54. The company had a trading volume of 1,412,505 shares, compared to its average volume of 1,609,265. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The business’s 50-day simple moving average is $48.42 and its 200-day simple moving average is $48.96. Rollins has a 12 month low of $40.41 and a 12 month high of $52.16. The firm has a market cap of $23.51 billion, a P/E ratio of 50.56 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business 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 firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. As a group, analysts predict that Rollins will post 0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.69% of the company’s stock.

Institutional Investors Weigh In On Rollins

Several institutional investors have recently added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. lifted its position in Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after acquiring an additional 1,154,722 shares in the last quarter. Fiera Capital Corp bought a new stake in Rollins in the 3rd quarter valued at $43,225,000. Point72 Asset Management L.P. bought a new stake in Rollins in the 3rd quarter valued at $28,980,000. JPMorgan Chase & Co. lifted its position in Rollins by 22.6% during the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in Rollins by 535.2% during the 4th quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock worth $12,115,000 after buying an additional 220,230 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Company Profile

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.