Rollins (NYSE:ROL) Price Target Raised to $55.00 at Barclays

Rollins (NYSE:ROL - Free Report) had its price objective hoisted by Barclays from $50.00 to $55.00 in a report issued on Friday, MarketBeat reports. They currently have an equal weight rating on the business services provider's stock.

ROL has been the topic of several other research reports. Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Morgan Stanley increased their price target on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Canaccord Genuity Group upped their price target on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $52.83.

Remove Ads

Rollins Price Performance

Shares of ROL stock traded up $2.48 during trading hours on Friday, reaching $53.13. 978,729 shares of the company were exchanged, compared to its average volume of 1,693,559. Rollins has a fifty-two week low of $41.72 and a fifty-two week high of $56.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The stock's fifty day moving average is $51.56 and its two-hundred day moving average is $49.71. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 55.36 and a beta of 0.80.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Sell-side analysts forecast that Rollins will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio is 68.75%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,338 shares of company stock worth $945,882 over the last three months. Corporate insiders own 4.47% of the company's stock.

Institutional Investors Weigh In On Rollins

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider's stock worth $8,725,000 after buying an additional 61,475 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after acquiring an additional 420,399 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Rollins by 136.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider's stock valued at $12,327,000 after acquiring an additional 153,437 shares during the period. True North Advisors LLC acquired a new stake in Rollins during the 4th quarter valued at $262,000. Finally, Avanza Fonder AB acquired a new stake in Rollins during the 4th quarter valued at $1,054,000. Institutional investors and hedge funds 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.