Rollins (NYSE:ROL) Now Covered by Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Rollins (NYSE:ROL) in a research report report published on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $54.00 price target on the business services provider’s stock.

A number of other brokerages have also weighed in on ROL. Morgan Stanley increased their target price on Rollins from $42.00 to $43.00 and gave the stock an equal weight rating in a research note on Friday, April 26th. StockNews.com raised Rollins from a hold rating to a buy rating in a research report on Wednesday, July 10th. Royal Bank of Canada reissued an outperform rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Finally, UBS Group reissued a neutral rating and set a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $47.83.

Rollins Price Performance

Shares of NYSE ROL opened at $49.05 on Monday. The firm has a market cap of $23.75 billion, a P/E ratio of 55.11, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. Rollins has a 1-year low of $32.19 and a 1-year high of $50.87. The business’s 50 day moving average is $48.72 and its 200-day moving average is $46.22.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Equities research analysts predict that Rollins will post 1 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, August 12th. Rollins’s dividend payout ratio is presently 67.42%.

Insider Buying and Selling at Rollins

In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the sale, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the sale, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares in the company, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,017 shares of company stock valued at $948,707. 4.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rollins

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Rollins by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock valued at $1,500,927,000 after acquiring an additional 206,873 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Rollins by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock valued at $489,036,000 after acquiring an additional 148,316 shares in the last quarter. Norges Bank bought a new position in Rollins during the 4th quarter worth $256,862,000. TD Asset Management Inc raised its position in Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after purchasing an additional 357,535 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after purchasing an additional 133,100 shares during the last quarter. Institutional investors and hedge funds 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.