Rollins (NYSE:ROL) Sets New 1-Year High - Here's What Happened

Rollins, Inc. (NYSE:ROL - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.54 and last traded at $56.13, with a volume of 214030 shares trading hands. The stock had previously closed at $56.02.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Royal Bank of Canada upped their target price on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Barclays increased their price target on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Canaccord Genuity Group upped their price target on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday. Finally, UBS Group increased their price target on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $55.57.

Rollins Trading Up 0.3 %

The firm has a market cap of $27.27 billion, a PE ratio of 58.56 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $53.03 and a 200 day moving average of $50.24.

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 (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Rollins's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, May 12th. Rollins's payout ratio is currently 66.67%.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the transaction, the insider now owns 39,640 shares of the company's stock, valued at $2,093,388.40. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares of the company's stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,259 shares of company stock worth $1,047,330. 4.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ROL. HM Payson & Co. purchased a new position in Rollins in the first quarter valued at about $63,000. Eukles Asset Management raised its position in Rollins by 13.5% during the first quarter. Eukles Asset Management now owns 21,143 shares of the business services provider's stock valued at $1,142,000 after acquiring an additional 2,511 shares in the last quarter. IFM Investors Pty Ltd grew its position in Rollins by 7.3% during the first quarter. IFM Investors Pty Ltd now owns 54,097 shares of the business services provider's stock valued at $2,736,000 after buying an additional 3,692 shares during the period. Checchi Capital Advisers LLC acquired a new position in Rollins in the 1st quarter worth about $201,000. Finally, D.A. Davidson & CO. grew its stake in Rollins by 10.5% in the 1st quarter. D.A. Davidson & CO. now owns 72,830 shares of the business services provider's stock valued at $3,935,000 after acquiring an additional 6,928 shares during the period. 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.

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