Rollins (NYSE:ROL) Price Target Lowered to $55.00 at Wells Fargo & Company

Rollins (NYSE:ROL) had its price target decreased by analysts at Wells Fargo & Company from $58.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 2.72% from the stock’s previous close.

A number of other brokerages have also weighed in on ROL. The Goldman Sachs Group reissued a “buy” rating and set a $67.00 price target on shares of Rollins in a research note on Thursday, April 23rd. Morgan Stanley set a $70.00 price objective on shares of Rollins in a research note on Friday, February 13th. UBS Group increased their price objective on shares of Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Bank of America assumed coverage on shares of Rollins in a research report on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.20.

Rollins Price Performance

Rollins stock opened at $53.55 on Friday. The stock has a market capitalization of $25.78 billion, a P/E ratio of 49.12, a P/E/G ratio of 3.25 and a beta of 0.79. Rollins has a 12-month low of $51.95 and a 12-month high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The firm’s 50-day moving average is $54.72 and its two-hundred day moving average is $58.48.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business had revenue of $906.42 million during the quarter, compared to analyst estimates of $895.17 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Equities analysts predict that Rollins will post 1.24 earnings per share for the current year.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 14,201 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total value of $842,971.36. Following the transaction, the insider owned 55,977 shares of the company’s stock, valued at approximately $3,322,794.72. This trade represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.77% of the stock is owned by insiders.

Institutional Trading of Rollins

Several large investors have recently added to or reduced their stakes in ROL. Mirabella Financial Services LLP acquired a new stake in Rollins during the 3rd quarter valued at $1,739,000. Jefferies Financial Group Inc. lifted its holdings in Rollins by 607.7% in the 3rd quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider’s stock worth $4,696,000 after buying an additional 68,647 shares in the last quarter. National Pension Service grew its stake in shares of Rollins by 353.2% during the third quarter. National Pension Service now owns 21,519 shares of the business services provider’s stock valued at $1,264,000 after acquiring an additional 16,771 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Rollins by 40.9% during the third quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider’s stock valued at $63,866,000 after acquiring an additional 315,456 shares in the last quarter. Finally, Dakota Wealth Management increased its position in shares of Rollins by 19.2% during the third quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider’s stock worth $9,803,000 after acquiring an additional 26,867 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

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.