Rollins (NYSE:ROL) Price Target Raised to $56.00

Rollins (NYSE:ROL) had its target price hoisted by research analysts at Wells Fargo & Company from $54.00 to $56.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 10.76% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.17.

Rollins Stock Up 0.8 %

Shares of Rollins stock traded up $0.40 during trading hours on Tuesday, reaching $50.56. 72,759 shares of the company’s stock were exchanged, compared to its average volume of 1,696,018. 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 50 day moving average of $49.73 and a two-hundred day moving average of $47.95. The stock has a market cap of $24.49 billion, a P/E ratio of 53.86 and a beta of 0.70. Rollins has a fifty-two week low of $32.19 and a fifty-two week high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that Rollins will post 1 EPS for the current fiscal year.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at $4,274,129.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,056 shares of company stock worth $698,347. Company insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ROL. Quest Partners LLC acquired a new stake in Rollins in the second quarter valued at about $33,000. Ridgewood Investments LLC bought a new position in Rollins during the 2nd quarter worth $34,000. Quent Capital LLC lifted its stake in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after acquiring an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Rollins by 10,233.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 921 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Rollins by 114.2% in the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock valued at $74,000 after buying an additional 855 shares during the period. 51.79% of the stock is owned by institutional investors.

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.