Rollins (NYSE:ROL) Hits New 52-Week High – What’s Next?

Shares of Rollins, Inc. (NYSE:ROL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $64.49 and last traded at $64.3010, with a volume of 195656 shares trading hands. The stock had previously closed at $63.51.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Finally, Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.67.

Rollins Trading Up 0.7%

The stock has a fifty day simple moving average of $61.16 and a 200 day simple moving average of $58.75. The firm has a market capitalization of $31.00 billion, a P/E ratio of 59.74 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.1825 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, February 25th. Rollins’s dividend payout ratio (DPR) is 68.22%.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 7,538 shares of Rollins stock in a transaction on Monday, January 26th. The shares were sold at an average price of $63.26, for a total value of $476,853.88. Following the sale, the chairman directly owned 600,049 shares in the company, valued at approximately $37,959,099.74. The trade was a 1.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $60.06, for a total value of $143,903.76. Following the transaction, the insider owned 29,231 shares of the company’s stock, valued at approximately $1,755,613.86. The trade was a 7.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,545 shares of company stock valued at $3,850,173 in the last quarter. Company insiders own 4.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ROL. Vanguard Group Inc. lifted its holdings in shares of Rollins by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares during the last quarter. State Street Corp increased its position in shares of Rollins by 1.4% during the 3rd quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock valued at $720,999,000 after purchasing an additional 172,303 shares during the last quarter. Geode Capital Management LLC lifted its position in Rollins by 4.8% in the second quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock worth $527,446,000 after buying an additional 432,067 shares during the last quarter. Invesco Ltd. boosted its stake in Rollins by 41.2% during the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock worth $319,224,000 after buying an additional 1,649,676 shares during the period. Finally, Norges Bank bought a new position in Rollins during the second quarter valued at $218,593,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.