Rollins (NYSE:ROL) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Rollins (NYSE:ROL) from a buy rating to a hold rating in a report released on Tuesday morning.

Other analysts also recently issued reports about the stock. Morgan Stanley lifted their price target on shares of Rollins from $42.00 to $43.00 and gave the company an equal weight rating in a report on Friday, April 26th. UBS Group reaffirmed a neutral rating and issued a $49.00 target price on shares of Rollins in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $46.60.

Rollins Trading Up 0.2 %

Shares of NYSE:ROL opened at $50.40 on Tuesday. Rollins has a 12-month low of $32.19 and a 12-month high of $50.45. The company has a market cap of $24.41 billion, a PE ratio of 56.63, a price-to-earnings-growth ratio of 3.84 and a beta of 0.70. The stock has a 50 day moving average of $47.39 and a 200 day moving average of $45.17. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 9th. Rollins’s dividend payout ratio is currently 67.42%.

Insider Buying and Selling

In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the sale, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rollins news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the transaction, the chief executive officer now owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $158,222.50. Following the transaction, the chief financial officer now directly owns 90,747 shares in the company, valued at $4,310,482.50. The disclosure for this sale can be found here. Insiders sold a total of 20,331 shares of company stock worth $949,623 over the last three months. 4.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Rollins in the fourth quarter valued at about $256,862,000. Vanguard Group Inc. boosted its stake in Rollins by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after purchasing an additional 5,041,371 shares in the last quarter. APG Asset Management US Inc. acquired a new stake in Rollins in the 4th quarter worth approximately $77,075,000. TD Asset Management Inc grew its position in Rollins by 217.3% during the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after purchasing an additional 1,690,668 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. acquired a new position in Rollins during the 4th quarter valued at approximately $47,089,000. 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.