Rollins (NYSE:ROL) Stock Rating Lowered by StockNews.com

Rollins (NYSE:ROL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other analysts also recently issued reports about the company. Royal Bank of Canada restated 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 initiated coverage on shares of Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 target price for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Stock Performance

NYSE:ROL opened at $50.77 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $24.58 billion, a P/E ratio of 57.04 and a beta of 0.70. The firm has a 50-day moving average price of $49.34 and a two-hundred day moving average price of $47.61. Rollins has a twelve month low of $32.19 and a twelve month high of $51.96.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business had revenue of $891.90 million during the quarter, compared to analysts’ expectations of $895.02 million. During the same period last year, the company posted $0.23 EPS. The company’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts expect that Rollins will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rollins

Hedge funds and other institutional investors have recently modified their holdings of the company. Cim LLC increased its position in Rollins by 2.0% during the 2nd quarter. Cim LLC now owns 26,260 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 517 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Rollins during the second quarter worth approximately $2,411,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Rollins by 23.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,444 shares of the business services provider’s stock worth $168,000 after acquiring an additional 664 shares in the last quarter. Scientech Research LLC acquired a new stake in shares of Rollins in the second quarter worth $359,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Rollins in the 2nd quarter valued at $3,067,000. 51.79% of the stock is owned by institutional investors and hedge funds.

About Rollins

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.