Brokerages Set Rollins, Inc. (NYSE:ROL) PT at $63.07

Shares of Rollins, Inc. (NYSE:ROL) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $63.0714.

Several brokerages have recently issued reports on ROL. The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. UBS Group boosted their price objective on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company set a $46.00 target price on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Finally, Weiss Ratings lowered shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th.

Institutional Trading of Rollins

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Rollins in the 4th quarter valued at $244,669,000. Pictet Asset Management Holding SA boosted its holdings in shares of Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after acquiring an additional 1,899,515 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after buying an additional 1,562,241 shares in the last quarter. USS Investment Management Ltd raised its stake in Rollins by 55.9% in the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after purchasing an additional 1,123,237 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Rollins by 11,772.1% in the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after buying an additional 1,075,264 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Up 0.1%

Shares of Rollins stock opened at $43.41 on Monday. The business has a fifty day simple moving average of $49.38 and a 200 day simple moving average of $55.47. The stock has a market cap of $20.90 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. Rollins has a 12 month low of $41.50 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share 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 firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts predict that Rollins will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.7%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

About Rollins

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.