Rollins (NYSE:ROL) Hits New 12-Month High – Here’s What Happened

Rollins, Inc. (NYSE:ROL) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.64 and last traded at $63.4910, with a volume of 92151 shares trading hands. The stock had previously closed at $62.91.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $70.00 price target on shares of Rollins in a report on Tuesday, December 23rd. UBS Group set a $65.00 target price on shares of Rollins in a research report on Wednesday, January 21st. Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $60.00 to $72.00 in a research note on Friday, December 5th. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $72.00 in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $67.67.

Rollins Stock Up 0.6%

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71. The business’s fifty day moving average price is $60.62 and its two-hundred day moving average price is $58.34. The stock has a market capitalization of $30.66 billion, a PE ratio of 59.13 and a beta of 0.79.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be issued a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, February 25th. Rollins’s dividend payout ratio is 68.22%.

Insider Buying and Selling

In other Rollins news, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $60.06, for a total transaction of $143,903.76. Following the completion of the sale, the insider directly owned 29,231 shares in the company, valued at approximately $1,755,613.86. The trade was a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 1,520 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $59.40, for a total transaction of $90,288.00. Following the completion of the sale, the chairman directly owned 607,587 shares in the company, valued at $36,090,667.80. This trade represents a 0.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,707 shares of company stock valued at $515,664 over the last three months. 4.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Rollins by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,620 shares during the period. Empowered Funds LLC increased its holdings in shares of Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 918 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 6,859 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Rollins by 10.7% during the second quarter. Fifth Third Bancorp now owns 18,652 shares of the business services provider’s stock worth $1,052,000 after buying an additional 1,801 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.