Rollins (NYSE:ROL) Hits New 52-Week High - Should You Buy?

Rollins, Inc. (NYSE:ROL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.10 and last traded at $52.73, with a volume of 80786 shares. The stock had previously closed at $52.39.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Canaccord Genuity Group upped their target price on Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.00.

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Rollins Trading Down 1.8 %

The company has a market capitalization of $25.01 billion, a PE ratio of 53.81 and a beta of 0.76. The company has a fifty day simple moving average of $49.04 and a 200-day simple moving average of $49.33. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. Rollins's dividend payout ratio is presently 68.75%.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the business's stock in a transaction that occurred 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 $3,916,600.68. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Traci Hornfeck sold 3,224 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now owns 9,602 shares of the company's stock, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.69% of the company's stock.

Institutional Trading of Rollins

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Rollins in the 3rd quarter valued at $28,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Rollins during the fourth quarter worth about $29,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins during the fourth quarter worth about $31,000. Mizuho Bank Ltd. purchased a new stake in Rollins during the 4th quarter valued at approximately $37,000. Finally, True Wealth Design LLC raised its stake in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock valued at $40,000 after acquiring an additional 769 shares during the last quarter. 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.