Rollins (NYSE:ROL) Price Target Raised to $63.00 at Wells Fargo & Company

Rollins (NYSE:ROL - Get Free Report) had its price target hoisted by research analysts at Wells Fargo & Company from $62.00 to $63.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. Wells Fargo & Company's target price points to a potential upside of 10.47% from the company's current price.

A number of other equities analysts have also recently weighed in on the stock. 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. 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 report on Monday, June 2nd. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, Barclays boosted their price target on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and an average price target of $57.38.

Rollins Price Performance

Shares of NYSE:ROL traded up $0.04 during midday trading on Wednesday, hitting $57.03. The company had a trading volume of 496,355 shares, compared to its average volume of 1,747,744. The business's 50-day simple moving average is $55.98 and its 200-day simple moving average is $51.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The stock has a market cap of $27.64 billion, a price-to-earnings ratio of 59.41 and a beta of 0.77. Rollins has a twelve month low of $45.34 and a twelve month high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts predict that Rollins will post 1.09 earnings per share for the current year.

Insider Activity

In related news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the sale, the insider now directly owns 39,640 shares of the company's stock, valued at $2,093,388.40. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 completion of the sale, the chairman now owns 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,842 shares of company stock valued at $2,480,861. 4.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Rollins

A number of hedge funds have recently made changes to their positions in the business. City Holding Co. bought a new stake in Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC grew its holdings in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after purchasing an additional 548 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Rollins in the fourth quarter valued at about $29,000. Centricity Wealth Management LLC purchased a new stake in Rollins in the 4th quarter worth approximately $31,000. Finally, Mizuho Bank Ltd. bought a new stake in Rollins in the fourth quarter valued at $37,000. 51.79% of the stock is currently owned by institutional investors.

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.