Rollins (NYSE:ROL) Reaches New 52-Week Low – Time to Sell?

Rollins, Inc. (NYSE:ROL) shares hit a new 52-week low during trading on Monday . The stock traded as low as $44.09 and last traded at $44.3310, with a volume of 86570 shares. The stock had previously closed at $44.96.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ROL shares. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a report on Monday, April 27th. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company reduced their price target on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. Finally, Loop Capital assumed coverage on shares of Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average target price of $63.71.

Rollins Trading Down 1.2%

The stock has a fifty day moving average of $51.70 and a 200 day moving average of $56.65. The company has a market capitalization of $21.38 billion, a P/E ratio of 40.81, a PEG ratio of 2.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The business had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Rollins’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.24 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were paid a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. Rollins’s payout ratio is 66.97%.

Hedge Funds Weigh In On Rollins

Several large investors have recently added to or reduced their stakes in ROL. Vanguard Group Inc. raised its position in shares of Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after purchasing an additional 1,562,241 shares during the period. State Street Corp increased its stake in Rollins by 4.7% in the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after buying an additional 575,946 shares in the last quarter. Geode Capital Management LLC increased its stake in Rollins by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after buying an additional 626,866 shares in the last quarter. Invesco Ltd. raised its holdings in Rollins by 8.2% during the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after acquiring an additional 461,869 shares during the period. Finally, Norges Bank bought a new stake in Rollins during the fourth quarter valued at about $244,669,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.