Rollins (NYSE:ROL) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Rollins has been reissued a "buy (B)" rating by Weiss Ratings, indicating strong analyst confidence in the stock's performance.
• Eight analysts currently rate Rollins as a buy, with a consensus target price of $62.18, reflecting expectations for continued positive growth.
• During the latest trading session, Rollins' stock reached $56.68 with a 12.1% year-over-year revenue increase reported in its most recent earnings.

Rollins (NYSE:ROL - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Several other brokerages also recently commented on ROL. JPMorgan Chase & Co. initiated coverage on Rollins in a research report on Friday, September 26th. They issued an "overweight" rating and a $70.00 price target on the stock. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective on the stock. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Piper Sandler lifted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.18.

Rollins Stock Performance

Shares of ROL stock traded up $0.59 during trading on Tuesday, reaching $56.68. The company had a trading volume of 807,844 shares, compared to its average volume of 1,826,131. The firm's 50 day simple moving average is $57.24 and its two-hundred day simple moving average is $56.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins has a one year low of $45.34 and a one year high of $59.12. The company has a market capitalization of $27.47 billion, a PE ratio of 56.13 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million for 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 firm's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. Sell-side analysts forecast that Rollins will post 1.09 earnings per share for the current year.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.47% of the company's stock.

Institutional Investors Weigh In On Rollins

A number of institutional investors and hedge funds have recently made changes to their positions in ROL. Caitong International Asset Management Co. Ltd bought a new stake in shares of Rollins during the second quarter worth $30,000. GW&K Investment Management LLC raised its position in shares of 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. TD Waterhouse Canada Inc. raised its position in shares of Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider's stock worth $41,000 after acquiring an additional 269 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Rollins during the second quarter worth $42,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after acquiring an additional 375 shares during the last quarter. Institutional investors 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.

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