Rollins (NYSE:ROL) Given New $56.00 Price Target at Wells Fargo & Company

Rollins (NYSE:ROL) had its target price hoisted by research analysts at Wells Fargo & Company from $54.00 to $56.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 13.89% from the company’s previous close.

Other analysts also recently issued reports about the company. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Rollins has an average rating of “Moderate Buy” and an average price target of $48.17.

Rollins Stock Down 1.6 %

ROL stock opened at $49.17 on Tuesday. The stock’s 50 day simple moving average is $49.81 and its 200 day simple moving average is $47.98. Rollins has a fifty-two week low of $32.19 and a fifty-two week high of $51.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market cap of $23.81 billion, a P/E ratio of 55.25 and a beta of 0.70.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The business had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. During the same period in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts expect that Rollins will post 1 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,056 shares of company stock valued at $698,347 over the last three months. Corporate insiders own 4.69% of the company’s stock.

Hedge Funds Weigh In On Rollins

Several institutional investors and hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in shares of Rollins by 502.8% in the first quarter. Intech Investment Management LLC now owns 572,181 shares of the business services provider’s stock worth $26,475,000 after acquiring an additional 477,256 shares during the period. TD Asset Management Inc boosted its holdings in shares of Rollins by 14.5% in the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after acquiring an additional 357,535 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Rollins by 4,697.4% in the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after acquiring an additional 317,353 shares during the period. M&G Plc bought a new position in shares of Rollins in the first quarter worth $14,072,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Rollins by 350.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $17,118,000 after acquiring an additional 286,780 shares during the period. 51.79% of the stock is owned by institutional investors.

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.