Rollins (NYSE:ROL) Sets New 52-Week High – Here’s Why

Rollins, Inc. (NYSE:ROL) hit a new 52-week high on Monday . The company traded as high as $57.44 and last traded at $57.20, with a volume of 127722 shares. The stock had previously closed at $56.96.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Royal Bank of Canada boosted their target price on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Morgan Stanley boosted their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.57.

Rollins Stock Performance

The stock has a market cap of $27.77 billion, a price-to-earnings ratio of 59.67 and a beta of 0.79. The stock’s fifty day moving average is $54.29 and its 200-day moving average is $51.00. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $822.50 million during the quarter, compared to analysts’ expectations of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. On average, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, May 12th. Rollins’s payout ratio is 66.67%.

Insider Buying and Selling

In related news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This represents a 14.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,180 shares of company stock worth $1,155,943. 4.47% of the stock is owned by insiders.

Institutional Trading of Rollins

A number of large investors have recently added to or reduced their stakes in ROL. City Holding Co. acquired a new stake in Rollins in the first quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Rollins in the fourth quarter valued at $29,000. Centricity Wealth Management LLC acquired a new stake in Rollins in the fourth quarter valued at $31,000. GW&K Investment Management LLC lifted its stake in Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in Rollins in the fourth quarter valued at $37,000. 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.