Rollins (NYSE:ROL) Price Target Raised to $58.00 at Wells Fargo & Company

Rollins (NYSE:ROL - Free Report) had its target price hoisted by Wells Fargo & Company from $56.00 to $58.00 in a research note released on Monday,Benzinga reports. The firm currently has an overweight rating on the business services provider's stock.

Other equities analysts have also issued reports about the company. StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They set an "equal weight" rating and a $50.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of Rollins from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Rollins has an average rating of "Hold" and a consensus price target of $51.00.

Rollins Stock Down 0.4 %

Shares of NYSE ROL traded down $0.21 during trading on Monday, reaching $48.56. 2,311,618 shares of the stock were exchanged, compared to its average volume of 1,695,104. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 51.40 and a beta of 0.72. The business's 50-day moving average price is $49.35 and its 200 day moving average price is $49.22. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins has a twelve month low of $40.41 and a twelve month high of $52.16.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that Rollins will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Rollins's previous quarterly dividend of $0.15. Rollins's dividend payout ratio is currently 68.75%.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now directly owns 84,653 shares in the company, valued at $4,274,129.97. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now owns 124,214 shares of the company's stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rollins

Several institutional investors have recently bought and sold shares of the stock. Montrusco Bolton Investments Inc. increased its position in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Fiera Capital Corp bought a new stake in Rollins in the third quarter worth about $43,225,000. Point72 Asset Management L.P. acquired a new stake in Rollins in the 3rd quarter valued at about $28,980,000. Bridges Investment Management Inc. boosted its position in shares of Rollins by 440.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 261,049 shares of the business services provider's stock valued at $12,737,000 after purchasing an additional 212,789 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Rollins by 34.8% during the 3rd quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock valued at $36,491,000 after purchasing an additional 186,452 shares in 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.