Rollins (NYSE:ROL) Hits New 1-Year High at $49.78

Rollins, Inc. (NYSE:ROL)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $49.78 and last traded at $49.67, with a volume of 252286 shares trading hands. The stock had previously closed at $49.25.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ROL shares. Morgan Stanley lifted their target price on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Finally, UBS Group reissued a “neutral” rating and issued a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Rollins Stock Performance

The stock’s fifty day moving average is $45.73 and its two-hundred day moving average is $44.45. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 55.34, a price-to-earnings-growth ratio of 3.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The firm had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. Analysts forecast that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.21%. Rollins’s payout ratio is 67.42%.

Insider Buying and Selling at Rollins

In other news, CFO Kenneth D. Krause sold 3,331 shares of Rollins stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the transaction, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the chief financial officer now directly owns 94,078 shares in the company, valued at $4,233,510. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the sale, the chief financial officer now owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,331 shares of company stock valued at $949,623. Company insiders own 4.69% of the company’s stock.

Institutional Trading of Rollins

A number of institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its position in shares of Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 260 shares during the period. Spire Wealth Management increased its holdings in Rollins by 139.7% in the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after buying an additional 440 shares during the period. Principal Securities Inc. acquired a new stake in shares of Rollins in the 4th quarter valued at $36,000. Operose Advisors LLC acquired a new stake in shares of Rollins in the 3rd quarter valued at $47,000. Finally, Blue Trust Inc. boosted its stake in shares of Rollins by 65.9% in the 4th quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 577 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

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.