Rollins (NYSE:ROL) Coverage Initiated by Analysts at Barclays

Equities researchers at Barclays began coverage on shares of Rollins (NYSE:ROL) in a report released on Monday, MarketBeat.com reports. The firm set an “equal weight” rating and a $50.00 price target on the business services provider’s stock. Barclays‘s price target points to a potential upside of 2.99% from the stock’s previous close.

ROL has been the topic of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company boosted their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.83.

Rollins Stock Up 1.4 %

Shares of Rollins stock opened at $48.55 on Monday. The company has a market capitalization of $23.51 billion, a P/E ratio of 50.57 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The business has a 50-day moving average of $49.57 and a two-hundred day moving average of $48.38. Rollins has a 1 year low of $37.61 and a 1 year high of $51.96.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period in the previous year, the company posted $0.28 earnings per share. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that Rollins will post 0.99 EPS for the current year.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now owns 84,653 shares of the company’s stock, valued at $4,274,129.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rollins

A number of institutional investors have recently added to or reduced their stakes in ROL. Vanguard Group Inc. grew its position in shares of Rollins by 0.6% in 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 during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Rollins by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after purchasing an additional 148,316 shares during the period. TD Asset Management Inc increased its position in Rollins by 14.5% during the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after buying an additional 357,535 shares during the last quarter. Renaissance Technologies LLC increased its position in Rollins by 4.9% during the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after buying an additional 133,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Rollins by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock valued at $105,247,000 after buying an additional 172,009 shares during the period. 51.79% of the stock is currently 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.