Rollins (NYSE:ROL) Earns Outperform Rating from Royal Bank of Canada

Rollins (NYSE:ROL)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $52.00 price target on the business services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 13.81% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays began coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, Morgan Stanley lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rollins currently has an average rating of “Hold” and a consensus target price of $50.83.

Rollins Trading Up 0.1 %

ROL opened at $45.69 on Monday. Rollins has a 1-year low of $40.41 and a 1-year high of $52.16. The stock has a market capitalization of $22.13 billion, a PE ratio of 47.59 and a beta of 0.75. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $48.62 and a two-hundred day moving average price of $49.11.

Rollins (NYSE:ROL) last posted 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 during 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 for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities analysts anticipate that Rollins will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 4.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rollins during the third quarter worth $1,428,000. Franklin Resources Inc. raised its stake in shares of Rollins by 54.7% in the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after purchasing an additional 61,475 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Rollins in the third quarter valued at about $5,102,000. Intech Investment Management LLC boosted its position in shares of Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after buying an additional 79,546 shares during the period. Finally, JPMorgan Chase & Co. boosted its position 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 period. 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.