Rollins (NYSE:ROL) Now Covered by Canaccord Genuity Group

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

A number of other equities analysts have also recently issued reports on ROL. Morgan Stanley raised their target price on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday. Wells Fargo & Company increased their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Finally, Barclays began coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average price target of $50.83.

Rollins Trading Up 1.4 %

Shares of NYSE ROL opened at $46.38 on Tuesday. Rollins has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The firm has a market capitalization of $22.46 billion, a P/E ratio of 48.31 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The company’s 50 day simple moving average is $48.56 and its 200 day simple moving average is $49.05.

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

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change 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 Activity at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction that occurred 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 owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.69% of the stock is currently owned by insiders.

Institutional Trading of Rollins

A number of institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group acquired a new stake in Rollins in the 3rd quarter valued at $28,000. Quest Partners LLC bought a new position in shares of Rollins in the 2nd quarter valued at about $33,000. True Wealth Design LLC increased 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 acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc raised its holdings in Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Rollins during the third quarter valued at approximately $52,000. 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.