BidaskClub upgraded shares of Rollins, Inc. (NYSE:ROL) from a hold rating to a buy rating in a report released on Tuesday morning.
ROL has been the subject of several other reports. Instinet lifted their target price on shares of Rollins from $40.00 to $46.00 and gave the company a buy rating in a research report on Thursday, May 25th. Zacks Investment Research upgraded shares of Rollins from a hold rating to a buy rating and set a $48.00 target price for the company in a research report on Saturday, July 29th. Finally, Nomura reiterated a buy rating and set a $40.00 target price on shares of Rollins in a research report on Thursday, April 27th.
Rollins (NYSE:ROL) traded down 0.50% during mid-day trading on Tuesday, hitting $44.09. 566,303 shares of the stock traded hands. The firm has a market cap of $9.61 billion, a P/E ratio of 52.93 and a beta of 0.29. Rollins has a 52 week low of $27.38 and a 52 week high of $44.32. The firm’s 50-day moving average price is $41.86 and its 200-day moving average price is $39.07.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The business had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. During the same period in the previous year, the business posted $0.22 earnings per share. Rollins’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Rollins will post $0.86 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.115 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.46 annualized dividend and a yield of 1.04%. Rollins’s payout ratio is presently 55.42%.
Several hedge funds and other institutional investors have recently bought and sold shares of ROL. Quadrature Capital Ltd acquired a new position in Rollins during the fourth quarter valued at approximately $527,000. Teachers Advisors LLC increased its position in Rollins by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 521,878 shares of the business services provider’s stock valued at $17,629,000 after buying an additional 13,852 shares during the period. Creative Planning increased its position in Rollins by 71.4% in the first quarter. Creative Planning now owns 19,115 shares of the business services provider’s stock valued at $710,000 after buying an additional 7,963 shares during the period. Louisiana State Employees Retirement System increased its position in Rollins by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the business services provider’s stock valued at $899,000 after buying an additional 500 shares during the period. Finally, Conestoga Capital Advisors LLC increased its position in Rollins by 1.2% in the first quarter. Conestoga Capital Advisors LLC now owns 955,215 shares of the business services provider’s stock valued at $35,467,000 after buying an additional 11,151 shares during the period. 37.97% of the stock is currently owned by hedge funds and other institutional investors.
About Rollins
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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