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

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

Several other equities research analysts also recently commented on ROL. Argus began coverage on Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. Canaccord Genuity Group raised 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. Royal Bank Of Canada boosted their price objective on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $60.50.

Rollins Stock Down 0.7%

ROL stock traded down $0.40 during mid-day trading on Wednesday, hitting $55.22. 1,427,732 shares of the company were exchanged, compared to its average volume of 1,763,430. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. Rollins has a 1-year low of $45.34 and a 1-year high of $58.65. The firm's 50 day simple moving average is $56.66 and its 200 day simple moving average is $53.04. The firm has a market cap of $26.76 billion, a P/E ratio of 55.78 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $817.09 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company's quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Rollins will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. Rollins's dividend payout ratio is currently 66.67%.

Insider Activity

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction that occurred on Thursday, May 29th. The shares were 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 in the company, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.47% of the company's stock.

Institutional Trading of Rollins

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Rollins during the 4th quarter worth $176,784,000. Marshall Wace LLP boosted its stake in shares of Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after purchasing an additional 2,203,859 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Rollins during the fourth quarter worth about $81,747,000. Geode Capital Management LLC increased its stake in shares of 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. Finally, AMF Tjanstepension AB acquired a new position in shares of Rollins in the first quarter valued at approximately $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.