Rollins (NYSE:ROL) Rating Increased to Buy at StockNews.com

Rollins (NYSE:ROL – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Redburn Partners initiated coverage on Rollins in a report on Wednesday, February 1st. They set a “buy” rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.25.

Rollins Stock Up 0.9 %

ROL opened at $36.49 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.65 and a current ratio of 0.71. Rollins has a one year low of $31.43 and a one year high of $43.06. The business’s 50-day simple moving average is $35.94 and its 200-day simple moving average is $37.12. The stock has a market capitalization of $17.96 billion, a P/E ratio of 49.31 and a beta of 0.65.

Rollins (NYSE:ROL – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Rollins had a return on equity of 30.92% and a net margin of 13.53%. The firm had revenue of $661.40 million for the quarter, compared to analyst estimates of $661.44 million. During the same quarter last year, the company posted $0.14 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. Analysts anticipate that Rollins will post 0.8 EPS for the current year.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 2,129 shares of Rollins stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $36.57, for a total value of $77,857.53. Following the sale, the insider now owns 96,960 shares of the company’s stock, valued at approximately $3,545,827.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 53.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rollins

A number of institutional investors have recently added to or reduced their stakes in ROL. Eagle Bay Advisors LLC purchased a new stake in shares of Rollins during the 2nd quarter worth approximately $29,000. Tobam purchased a new stake in shares of Rollins during the 4th quarter worth approximately $33,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Rollins during the 4th quarter worth approximately $35,000. Federated Hermes Inc. purchased a new stake in shares of Rollins during the 2nd quarter worth approximately $40,000. Finally, Fred Alger Management LLC purchased a new stake in shares of Rollins during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 38.98% of the company’s stock.

About Rollins

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.