Rollins’ (ROL) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Rollins (NYSE:ROL) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $52.00 price objective on the business services provider’s stock.

A number of other analysts also recently weighed in on the stock. Morgan Stanley upped 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 raised shares of Rollins from a hold rating to a buy rating in a research report on Wednesday, July 10th. Finally, UBS Group reaffirmed a neutral rating and issued a $49.00 target price on shares of Rollins in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $46.60.

Rollins Stock Down 6.4 %

Shares of NYSE ROL opened at $46.76 on Thursday. 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 has a 12 month low of $32.19 and a 12 month high of $50.87. The firm has a market capitalization of $22.64 billion, a PE ratio of 52.54, a price-to-earnings-growth ratio of 3.81 and a beta of 0.70. The firm has a fifty day simple moving average of $48.27 and a two-hundred day simple moving average of $45.78.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.93%. The business had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. During the same period in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts expect that Rollins will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, August 12th. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insider Activity at Rollins

In other news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were 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 approximately $4,310,482.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 sale, the chief executive officer now owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the sale, the chief financial officer now directly owns 90,747 shares in the company, valued at approximately $4,310,482.50. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by insiders.

Institutional Trading of Rollins

Institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc boosted its holdings in shares of Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after acquiring an additional 357,535 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Rollins by 7.4% in the 4th quarter. BNP Paribas Financial Markets now owns 268,067 shares of the business services provider’s stock worth $11,706,000 after purchasing an additional 18,510 shares during the period. Caprock Group LLC bought a new position in shares of Rollins in the 4th quarter worth approximately $1,617,000. Dimensional Fund Advisors LP lifted its stake in shares of Rollins by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,865,122 shares of the business services provider’s stock worth $81,452,000 after purchasing an additional 160,373 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Rollins by 17.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 171,348 shares of the business services provider’s stock worth $7,498,000 after purchasing an additional 25,709 shares during the period. Hedge funds and other 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.