Piper Sandler Issues Positive Forecast for Rollins (NYSE:ROL) Stock Price

Key Points

• Analysts at Piper Sandler raised Rollins' target price from $70.00 to $72.00, indicating a potential upside of 24.17% from its previous close.
• Rollins reported a 12.1% increase in quarterly revenue year-over-year, reaching $999.53 million, and a slight earnings beat with $0.30 EPS for the quarter.
• Insider transactions included chairman John F. Wilson selling 40,000 shares of the company’s stock, decreasing his holdings by 5.69%.
• The consensus rating for Rollins stock is a Moderate Buy with a consensus price target of $60.70, as four analysts rated it hold and seven rated it buy.

Rollins (NYSE:ROL - Get Free Report) had its price target raised by equities researchers at Piper Sandler from $70.00 to $72.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. Piper Sandler's price target suggests a potential upside of 25.63% from the stock's previous close.

Several other brokerages also recently issued reports on ROL. Canaccord Genuity Group upped their price target on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. 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. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. UBS Group boosted their price target on Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.40.

Rollins Price Performance

ROL traded up $0.05 during trading on Friday, reaching $57.31. 736,473 shares of the stock were exchanged, compared to its average volume of 1,909,494. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 56.74 and a beta of 0.75. Rollins has a 1 year low of $45.34 and a 1 year high of $58.65. The business's 50 day moving average price is $56.61 and its two-hundred day moving average price is $53.90.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. As a group, equities research analysts anticipate that Rollins will post 1.09 earnings per share for the current year.

Insider Activity

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the transaction, the insider directly owned 38,028 shares in the company, valued at $2,150,103.12. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,921 shares of company stock valued at $4,120,613 in the last 90 days. 4.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rollins

Hedge funds have recently made changes to their positions in the stock. City Holding Co. purchased a new position in shares of Rollins in the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins during the fourth quarter valued at about $29,000. GW&K Investment Management LLC increased its stake in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after acquiring an additional 548 shares during the last quarter. Mizuho Bank Ltd. purchased a new position in shares of Rollins in the 4th quarter worth about $37,000. Finally, CVA Family Office LLC raised its holdings in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds 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.