Rollins (NYSE:ROL) Sees Large Volume Increase – What’s Next?

Shares of Rollins, Inc. (NYSE:ROL) saw unusually-strong trading volume on Tuesday . Approximately 3,304,681 shares were traded during trading, an increase of 77% from the previous session’s volume of 1,867,249 shares.The stock last traded at $58.9120 and had previously closed at $58.56.

Analyst Upgrades and Downgrades

ROL has been the topic of several recent research reports. Jefferies Financial Group set a $66.00 price objective on Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the stock a “hold” rating in a research note on Friday, October 31st. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Zacks Research lowered Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.82.

Rollins Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company’s 50-day simple moving average is $57.04 and its 200-day simple moving average is $56.90. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 54.74 and a beta of 0.72.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. Research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 represents a $0.73 dividend on an annualized basis and a yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is presently 68.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ROL. Root Financial Partners LLC bought a new position in Rollins during the 3rd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Rollins in the 2nd quarter valued at about $30,000. GW&K Investment Management LLC grew its stake in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after purchasing an additional 548 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Rollins by 58.4% in the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Rollins during the 2nd quarter valued at $42,000. 51.79% of the stock is owned by institutional investors and hedge funds.

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.