Brokerages Set Rollins, Inc. (NYSE:ROL) Target Price at $49.83

Rollins, Inc. (NYSE:ROL) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.83.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.69% of the stock is owned by corporate insiders.

Institutional Trading of Rollins

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Rollins by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after purchasing an additional 206,873 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Rollins by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after purchasing an additional 148,316 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in 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 worth $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. TD Asset Management Inc increased its stake in Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after purchasing an additional 357,535 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after purchasing an additional 133,100 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Trading Up 0.7 %

NYSE:ROL opened at $51.08 on Wednesday. Rollins has a 12 month low of $38.23 and a 12 month high of $51.96. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 53.21 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $49.53 and its 200-day moving average is $48.57.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Rollins will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is currently 68.75%.

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.