Rollins (NYSE:ROL) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Rollins (NYSE:ROL) in a research note published on Tuesday morning, Marketbeat.com reports. The firm issued a hold rating and a $48.00 price target on the business services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Barclays assumed coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target 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 Monday. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Wells Fargo & Company increased their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley boosted their price target on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.83.

Rollins Stock Up 1.4 %

NYSE ROL opened at $46.38 on Tuesday. Rollins has a twelve month low of $40.41 and a twelve month high of $52.16. The stock has a market cap of $22.46 billion, a PE ratio of 48.31 and a beta of 0.75. The firm has a 50-day simple moving average of $48.56 and a 200 day simple moving average of $49.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last announced its quarterly earnings data 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). The firm had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. On average, research analysts forecast that Rollins will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $0.165 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is 68.75%.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Rollins during the third quarter valued at approximately $28,000. Quest Partners LLC acquired a new position in Rollins during the 2nd quarter worth $33,000. True Wealth Design LLC lifted its holdings 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 worth $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc boosted its position in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after buying an additional 326 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Rollins in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Company Profile

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.