Rollins (NYSE:ROL) Given “Overweight” Rating at Wells Fargo & Company

Wells Fargo & Company reissued their overweight rating on shares of Rollins (NYSE:ROL) in a report published on Wednesday morning, MarketBeat reports. The firm currently has a $65.00 price target on the business services provider’s stock, up from their previous price target of $63.00.

Several other research firms have also issued reports on ROL. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a “buy” rating in a report on Thursday, April 24th. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Royal Bank Of Canada raised their price target on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Barclays upped their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 4th. Finally, Canaccord Genuity Group lifted their price target on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average price target of $58.78.

Rollins Stock Performance

Shares of ROL opened at $56.19 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $56.62 and a 200 day simple moving average of $52.43. Rollins has a 12 month low of $45.34 and a 12 month high of $58.65. The stock has a market capitalization of $27.23 billion, a price-to-earnings ratio of 56.76 and a beta of 0.77.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. Rollins’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. Research analysts forecast that Rollins will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Monday, May 12th. Rollins’s dividend payout ratio is currently 66.67%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the sale, the insider now owns 39,640 shares in the company, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman now directly owns 662,727 shares of the company’s stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,842 shares of company stock valued at $2,480,861 in the last ninety days. Corporate insiders own 4.47% of the company’s stock.

Institutional Investors Weigh In On Rollins

Large investors have recently made changes to their positions in the stock. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Rollins during the first quarter worth $691,000. Apeiron RIA LLC acquired a new position in Rollins during the first quarter worth approximately $503,000. Geneos Wealth Management Inc. increased its position in Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the period. IFM Investors Pty Ltd increased its position in Rollins by 43.7% during the first quarter. IFM Investors Pty Ltd now owns 72,443 shares of the business services provider’s stock worth $3,914,000 after buying an additional 22,038 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in shares of Rollins in the first quarter valued at approximately $428,000. 51.79% of the stock is currently 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.