Rollins (NYSE:ROL) Coverage Initiated at Bank of America

Research analysts at Bank of America initiated coverage on shares of Rollins (NYSE:ROL) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating and a $67.00 price target on the business services provider’s stock. Bank of America‘s price target suggests a potential upside of 15.24% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Canaccord Genuity Group set a $52.00 target price on Rollins and gave the stock a “hold” rating in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Wells Fargo & Company set a $56.00 target price on Rollins and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Finally, Morgan Stanley set a $70.00 price target on Rollins in a research note on Friday. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.08.

Rollins Price Performance

Shares of Rollins stock opened at $58.14 on Tuesday. The stock has a market capitalization of $27.97 billion, a P/E ratio of 53.34 and a beta of 0.78. The business’s 50 day simple moving average is $61.38 and its two-hundred day simple moving average is $59.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. Rollins has a one year low of $49.73 and a one year high of $66.14.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $912.91 million during the quarter, compared to analysts’ expectations of $925.08 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%.Rollins’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. Analysts forecast that Rollins will post 1.09 EPS for the current year.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 1,329 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $83,501.07. Following the transaction, the insider owned 58,832 shares in the company, valued at approximately $3,696,414.56. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John F. Wilson sold 5,344 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total value of $335,763.52. Following the completion of the transaction, the chairman directly owned 594,705 shares of the company’s stock, valued at approximately $37,365,315.15. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 59,150 shares of company stock worth $3,711,814. Company insiders own 4.47% of the company’s stock.

Institutional Trading of Rollins

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its stake in shares of Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Rollins in the 2nd quarter worth about $30,000. Board of the Pension Protection Fund purchased a new position in Rollins during the fourth quarter worth approximately $30,000. Root Financial Partners LLC purchased a new position in Rollins during the third quarter worth approximately $31,000. Finally, Torren Management LLC acquired a new stake in Rollins in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds 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.