Rollins, Inc. (NYSE:ROL) Receives $60.50 Consensus Target Price from Analysts

Shares of Rollins, Inc. (NYSE:ROL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $60.50.

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Canaccord Genuity Group lifted their price target on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. Piper Sandler initiated coverage on Rollins in a research note on Tuesday, July 1st. They issued an "overweight" rating and a $70.00 target price for the company. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada upped their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th.

Insider Buying and Selling

In related news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider owned 38,028 shares of the company's stock, valued at $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.47% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins by 0.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock valued at $553,464,000 after purchasing an additional 38,503 shares during the period. Geode Capital Management LLC lifted its stake in Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after buying an additional 1,282,508 shares during the period. Invesco Ltd. boosted its stake in Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after acquiring an additional 617,876 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Rollins in the 4th quarter valued at about $176,784,000. 51.79% of the stock is owned by institutional investors.

Rollins Stock Down 0.7%

NYSE:ROL traded down $0.38 on Monday, hitting $55.36. 316,348 shares of the company's stock traded hands, compared to its average volume of 1,904,555. The firm has a 50-day moving average price of $56.66 and a 200-day moving average price of $53.13. The company has a market cap of $26.83 billion, a PE ratio of 55.92 and a beta of 0.75. Rollins has a 1 year low of $45.34 and a 1 year high of $58.65. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio is 66.67%.

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.