Rollins Target of Unusually High Options Trading (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) saw some unusual options trading activity on Monday. Stock traders acquired 2,830 call options on the stock. This represents an increase of approximately 303% compared to the average daily volume of 703 call options.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent research reports. Loop Capital assumed coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 price target on the stock. Bank of America assumed coverage on Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 target price on the stock. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Morgan Stanley set a $70.00 price target on Rollins in a research report on Friday, February 13th. Finally, Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $70.00 to $52.00 in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Rollins Stock Performance

Shares of ROL stock traded down $0.24 on Monday, hitting $46.86. The company’s stock had a trading volume of 305,870 shares, compared to its average volume of 3,207,719. Rollins has a fifty-two week low of $44.43 and a fifty-two week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The stock’s 50 day moving average is $53.11 and its 200-day moving average is $57.64. The company has a market capitalization of $22.56 billion, a PE ratio of 42.93, a PEG ratio of 2.90 and a beta of 0.73.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. During the same period in the prior year, the firm posted $0.22 EPS. Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that Rollins will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a $0.1825 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. Rollins’s dividend payout ratio (DPR) is presently 66.97%.

Institutional Investors Weigh In On Rollins

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dala Group LLC acquired a new stake in Rollins in the first quarter valued at $201,000. Glenmede Trust Co. NA lifted its holdings in Rollins by 820.9% during the 1st quarter. Glenmede Trust Co. NA now owns 43,448 shares of the business services provider’s stock worth $2,321,000 after buying an additional 38,730 shares during the period. Groupama Asset Managment grew its position in shares of Rollins by 4.8% in the 1st quarter. Groupama Asset Managment now owns 7,106 shares of the business services provider’s stock valued at $380,000 after buying an additional 325 shares during the last quarter. Wellington Grp LLC grew its position in shares of Rollins by 9.7% in the 1st quarter. Wellington Grp LLC now owns 15,548 shares of the business services provider’s stock valued at $830,000 after buying an additional 1,376 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Rollins by 26.6% during the 1st quarter. Bank of America Corp DE now owns 1,425,772 shares of the business services provider’s stock valued at $76,150,000 after purchasing an additional 299,432 shares during the period. 51.79% of the stock is owned by institutional investors.

About Rollins

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.