Rollins (NYSE:ROL) Price Target Raised to $56.00 at Wells Fargo & Company

Rollins (NYSE:ROL) had its target price lifted by Wells Fargo & Company from $54.00 to $56.00 in a research note released on Tuesday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

ROL has been the topic of a number of other research reports. StockNews.com raised Rollins from a hold rating to a buy rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an outperform rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $48.17.

Rollins Price Performance

Shares of ROL opened at $49.96 on Tuesday. Rollins has a twelve month low of $32.19 and a twelve month high of $51.96. The stock’s 50 day moving average is $49.77 and its two-hundred day moving average is $47.97. The firm has a market capitalization of $24.19 billion, a PE ratio of 56.13 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Research analysts anticipate that Rollins will post 1 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were issued a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.20%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now directly owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. 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 worth $698,347 in the last ninety days. Insiders own 4.69% of the company’s stock.

Institutional Trading of Rollins

Institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after buying an additional 203 shares during the last quarter. Czech National Bank boosted its position in Rollins by 0.5% in the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after buying an additional 226 shares during the last quarter. Quent Capital LLC boosted its position in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares during the last quarter. Mather Group LLC. boosted its position in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after buying an additional 246 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other 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.