Rollins, Inc. (NYSE:ROL) reached a new 52-week high on Tuesday . The company traded as high as $60.52 and last traded at $60.45, with a volume of 16376 shares traded. The stock had previously closed at $59.72.

A number of research firms have recently weighed in on ROL. Zacks Investment Research raised Rollins from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. Stifel Nicolaus reissued a “hold” rating and set a $55.00 target price (up previously from $50.00) on shares of Rollins in a report on Saturday, August 18th. Sidoti began coverage on Rollins in a report on Wednesday, June 27th. They set a “buy” rating for the company. Nomura lifted their target price on Rollins from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, June 4th. Finally, Buckingham Research began coverage on Rollins in a research report on Wednesday, May 9th. They issued a “neutral” rating and a $50.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rollins has an average rating of “Hold” and a consensus price target of $55.50.

The stock has a market capitalization of $13.11 billion, a P/E ratio of 69.05 and a beta of 0.28.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Rollins had a return on equity of 31.66% and a net margin of 11.36%. The company had revenue of $480.46 million during the quarter, compared to the consensus estimate of $470.15 million. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 10th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, August 9th. Rollins’s payout ratio is currently 64.37%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System increased its position in shares of Rollins by 5.1% in the second quarter. California Public Employees Retirement System now owns 350,929 shares of the business services provider’s stock worth $18,452,000 after purchasing an additional 16,914 shares during the period. Millennium Management LLC bought a new position in shares of Rollins in the second quarter worth $3,353,000. Marshall Wace LLP bought a new position in shares of Rollins in the second quarter worth $6,238,000. Vident Investment Advisory LLC increased its position in shares of Rollins by 24.6% in the second quarter. Vident Investment Advisory LLC now owns 14,635 shares of the business services provider’s stock worth $770,000 after purchasing an additional 2,886 shares during the period. Finally, Signaturefd LLC increased its position in shares of Rollins by 7,351.3% in the second quarter. Signaturefd LLC now owns 31,668 shares of the business services provider’s stock worth $1,665,000 after purchasing an additional 31,243 shares during the period. Institutional investors own 38.06% of the company’s stock.

About Rollins (NYSE:ROL)

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

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