Rollins’ (ROL) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Rollins (NYSE:ROL) in a research report released on Monday,Benzinga reports. Royal Bank of Canada currently has a $52.00 price objective on the business services provider’s stock.

Several other research firms also recently commented on ROL. Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Wells Fargo & Company boosted their target price on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised their price target on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rollins presently has a consensus rating of “Hold” and a consensus price target of $50.83.

Rollins Stock Up 1.4 %

Rollins stock opened at $46.38 on Monday. The firm has a 50 day moving average price of $48.58 and a 200-day moving average price of $49.07. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins has a twelve month low of $40.41 and a twelve month high of $52.16. The company has a market capitalization of $22.46 billion, a P/E ratio of 48.31 and a beta of 0.75.

Rollins (NYSE:ROL) last released 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 firm had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same period in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue 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.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.42%. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ROL. Brooklyn Investment Group purchased a new position in shares of Rollins in the 3rd quarter worth about $28,000. Quest Partners LLC purchased a new stake in Rollins in the second quarter worth approximately $33,000. True Wealth Design LLC grew its position in Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Rollins during the third quarter worth approximately $52,000. Institutional investors own 51.79% of the company’s stock.

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.