Wells Fargo & Company Boosts Rollins (NYSE:ROL) Price Target to $68.00

Rollins (NYSE:ROL) had its price objective lifted by stock analysts at Wells Fargo & Company from $65.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.14% from the company’s current price.

Several other equities research analysts also recently commented on ROL. Canaccord Genuity Group set a $55.00 price objective on Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Royal Bank Of Canada restated an “outperform” rating and issued a $70.00 target price on shares of Rollins in a research note on Tuesday, December 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.33.

Rollins Price Performance

Shares of ROL traded up $0.10 during mid-day trading on Wednesday, hitting $61.74. The company’s stock had a trading volume of 238,848 shares, compared to its average volume of 1,879,811. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71. The stock has a market capitalization of $29.92 billion, a price-to-earnings ratio of 57.78 and a beta of 0.79. The firm has a 50-day moving average price of $59.93 and a 200 day moving average price of $57.96. Rollins has a fifty-two week low of $46.67 and a fifty-two week high of $62.12.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. On average, research analysts predict that Rollins will post 1.09 EPS for the current fiscal year.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 1,520 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $59.40, for a total transaction of $90,288.00. Following the completion of the sale, the chairman directly owned 607,587 shares of the company’s stock, valued at $36,090,667.80. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 2,396 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $60.06, for a total value of $143,903.76. Following the sale, the insider directly owned 29,231 shares in the company, valued at $1,755,613.86. This trade represents a 7.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,707 shares of company stock worth $515,664 in the last quarter. Insiders own 4.47% of the company’s stock.

Hedge Funds Weigh In On Rollins

Several large investors have recently added to or reduced their stakes in ROL. Vanguard Group Inc. boosted its position in shares of Rollins by 4.2% during the third quarter. Vanguard Group Inc. now owns 36,720,282 shares of the business services provider’s stock worth $2,156,949,000 after buying an additional 1,480,306 shares during the period. State Street Corp increased its stake in Rollins by 1.4% in the 3rd quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock valued at $720,999,000 after buying an additional 172,303 shares during the period. Geode Capital Management LLC increased its holdings in Rollins by 4.8% in the second quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after buying an additional 432,067 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Rollins by 41.2% during the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after acquiring an additional 1,649,676 shares during the last quarter. Finally, Norges Bank acquired a new position in Rollins during the 2nd quarter worth $218,593,000. 51.79% of the stock is currently owned by institutional investors.

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.