Rollins (NYSE:ROL) Price Target Raised to $65.00

Rollins (NYSE:ROL - Get Free Report) had its target price boosted by stock analysts at Wells Fargo & Company from $63.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. Wells Fargo & Company's price target points to a potential upside of 15.79% from the company's previous close.

A number of other analysts have also recently commented on ROL. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Barclays lifted their price target on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Argus started coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $58.78.

Rollins Stock Down 2.4%

ROL traded down $1.39 on Wednesday, hitting $56.14. The company had a trading volume of 1,391,691 shares, compared to its average volume of 1,754,529. The stock has a fifty day simple moving average of $56.60 and a 200-day simple moving average of $52.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The firm has a market capitalization of $27.21 billion, a P/E ratio of 56.70 and a beta of 0.77. Rollins has a 52-week low of $45.34 and a 52-week high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. As a group, equities analysts expect that Rollins will post 1.09 EPS for the current fiscal year.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's 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 sale, the insider now directly owns 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,842 shares of company stock worth $2,480,861 over the last 90 days. 4.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ROL. City Holding Co. bought a new stake in Rollins in the 1st quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Rollins during the 4th quarter valued at $29,000. GW&K Investment Management LLC boosted its stake in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after buying an additional 548 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in shares of Rollins in the fourth quarter worth $37,000. Finally, CVA Family Office LLC grew its holdings in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after acquiring an additional 340 shares during the period. 51.79% of the stock is owned by hedge funds and other 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.