Rollins (NYSE:ROL) Given New $55.00 Price Target at Barclays

Rollins (NYSE:ROL) had its price objective boosted by Barclays from $50.00 to $55.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Wells Fargo & Company increased their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Canaccord Genuity Group boosted their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Morgan Stanley increased their target price on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, UBS Group lifted their target price on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.83.

Rollins Stock Down 6.7 %

ROL stock opened at $52.15 on Friday. The company has a 50 day moving average price of $51.46 and a two-hundred day moving average price of $49.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock has a market capitalization of $25.29 billion, a P/E ratio of 54.32 and a beta of 0.80. Rollins has a one year low of $41.72 and a one year high of $56.26.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, sell-side analysts expect that Rollins will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,338 shares of company stock valued at $945,882 over the last three months. 4.47% of the stock is owned by company insiders.

Institutional Trading of Rollins

Several large investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after purchasing an additional 61,475 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after buying an additional 420,399 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Rollins by 136.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock worth $12,327,000 after buying an additional 153,437 shares in the last quarter. True North Advisors LLC bought a new stake in shares of Rollins in the fourth quarter worth $262,000. Finally, Avanza Fonder AB acquired a new stake in Rollins in the fourth quarter valued at $1,054,000. 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.