Rollins (NYSE:ROL) Earns Hold Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Rollins (NYSE:ROL) in a report published on Tuesday, Marketbeat reports. The firm issued a hold rating and a $48.00 target price on the business services provider’s stock.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Monday. Barclays assumed coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley boosted their target price on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.83.

Rollins Trading Up 0.1 %

NYSE:ROL opened at $45.69 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins has a 52-week low of $40.41 and a 52-week high of $52.16. The stock’s 50 day moving average price is $48.62 and its 200 day moving average price is $49.11. The company has a market capitalization of $22.13 billion, a PE ratio of 47.59 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. On average, research analysts anticipate that Rollins will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Rollins in the 3rd quarter valued at about $28,000. Quest Partners LLC purchased a new stake in shares of Rollins in the second quarter valued at about $33,000. True Wealth Design LLC grew its position in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Rollins during the 3rd quarter worth approximately $52,000. Hedge funds and other 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.