Piper Sandler Initiates Coverage on Rollins (NYSE:ROL)

Research analysts at Piper Sandler started coverage on shares of Rollins (NYSE:ROL - Get Free Report) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $70.00 price target on the business services provider's stock. Piper Sandler's price target would indicate a potential upside of 23.92% from the stock's current price.

Several other equities analysts also recently weighed in on ROL. Argus started coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. Barclays lifted their target price on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Finally, The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average price target of $59.90.

Rollins Trading Up 0.6%

Shares of Rollins stock opened at $56.49 on Tuesday. The stock has a 50 day moving average of $56.66 and a 200 day moving average of $52.58. Rollins has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 57.06 and a beta of 0.77.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. During the same quarter in the previous year, the business posted $0.20 EPS. The firm's revenue was up 9.9% on a year-over-year basis. As a group, research analysts predict that Rollins will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction on 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 transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,842 shares of company stock valued at $2,480,861 in the last three months. Company insiders own 4.47% of the company's stock.

Institutional Trading of Rollins

Several large investors have recently made changes to their positions in ROL. Security Financial Services INC. boosted its position in Rollins by 3.2% during the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider's stock worth $309,000 after purchasing an additional 178 shares during the period. KFG Wealth Management LLC boosted its holdings in shares of Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock worth $611,000 after buying an additional 211 shares during the period. Pittenger & Anderson Inc. grew its stake in Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock valued at $710,000 after buying an additional 214 shares during the last quarter. Horizon Investments LLC raised its holdings in Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock worth $219,000 after acquiring an additional 224 shares during the period. Finally, Allworth Financial LP lifted its position in Rollins by 11.0% during the 1st quarter. Allworth Financial LP now owns 2,317 shares of the business services provider's stock worth $129,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

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.

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