Rollins, Inc. (NYSE:ROL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Rollins, Inc. (NYSE:ROL) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $62.00.

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. assumed coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Piper Sandler raised their price target on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company set a $63.00 price target on Rollins and gave the company an “overweight” rating in a research report on Tuesday.

Rollins Price Performance

NYSE:ROL opened at $56.13 on Wednesday. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 55.57 and a beta of 0.69. Rollins has a 52-week low of $45.34 and a 52-week high of $59.12. The stock has a fifty day moving average of $56.86 and a 200 day moving average of $56.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $0.1825 per share. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. Rollins’s dividend payout ratio (DPR) is 65.35%.

Institutional Investors Weigh In On Rollins

A number of large investors have recently added to or reduced their stakes in the company. NBT Bank N A NY purchased a new stake in Rollins during the third quarter valued at about $58,000. EULAV Asset Management increased its holdings in shares of Rollins by 6.6% in the third quarter. EULAV Asset Management now owns 324,697 shares of the business services provider’s stock worth $19,073,000 after buying an additional 20,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Rollins by 14.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 173,778 shares of the business services provider’s stock worth $10,208,000 after buying an additional 21,682 shares during the period. Manning & Napier Advisors LLC increased its holdings in shares of Rollins by 1.9% in the third quarter. Manning & Napier Advisors LLC now owns 1,307,691 shares of the business services provider’s stock worth $76,814,000 after buying an additional 24,680 shares during the period. Finally, Eastern Bank increased its holdings in shares of Rollins by 17.0% in the third quarter. Eastern Bank now owns 57,214 shares of the business services provider’s stock worth $3,361,000 after buying an additional 8,331 shares during the period. 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.