UBS Group Raises Rollins (NYSE:ROL) Price Target to $59.00

Rollins (NYSE:ROL - Free Report) had its price objective increased by UBS Group from $58.00 to $59.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Piper Sandler initiated coverage on shares of Rollins in a research report on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Finally, Royal Bank Of Canada upped their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and a consensus price target of $60.50.

Rollins Stock Up 0.5%

Shares of NYSE:ROL traded up $0.30 during midday trading on Wednesday, reaching $55.79. The company had a trading volume of 1,098,855 shares, compared to its average volume of 1,761,579. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. Rollins has a one year low of $45.34 and a one year high of $58.65. The stock's fifty day moving average price is $56.73 and its 200-day moving average price is $52.90. The stock has a market capitalization of $27.04 billion, a P/E ratio of 56.35 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results 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 net margin of 13.78% and a return on equity of 37.31%. The firm had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts expect that Rollins will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's payout ratio is presently 66.67%.

Insider Activity

In related news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares in the company, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider directly 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 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 over the last 90 days. Corporate insiders own 4.47% of the company's stock.

Institutional Investors Weigh In On Rollins

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Rollins during the 4th quarter worth $176,784,000. Marshall Wace LLP grew its holdings in shares of Rollins by 389.2% during the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock worth $128,396,000 after purchasing an additional 2,203,859 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Rollins during the 4th quarter worth $81,747,000. Geode Capital Management LLC grew its holdings in shares of Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after purchasing an additional 1,282,508 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in shares of Rollins during the 1st quarter worth $64,636,000. Institutional investors 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.