Brokerages Set Rollins, Inc. (NYSE:ROL) Price Target at $51.00

Rollins, Inc. (NYSE:ROL) has received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $51.40.

A number of equities analysts recently commented on ROL shares. Morgan Stanley raised their target price on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th.

Insiders Place Their Bets

In other Rollins 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 owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rollins

Several large investors have recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC grew its holdings in Rollins by 4.9% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after buying an additional 212 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 246 shares in the last quarter. Federated Hermes Inc. increased its position in Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after purchasing an additional 249 shares during the last quarter. Raymond James Trust N.A. raised its stake in Rollins by 1.9% during the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 252 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in Rollins by 18.4% during the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 269 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

NYSE ROL opened at $46.35 on Thursday. The company has a 50-day moving average price of $48.67 and a 200-day moving average price of $49.19. Rollins has a 52 week low of $40.41 and a 52 week high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $22.45 billion, a P/E ratio of 48.28 and a beta of 0.72.

Rollins (NYSE:ROL) last announced its 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 analysts’ expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Rollins will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. Rollins’s payout ratio is currently 68.75%.

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.