Rollins (NYSE:ROL) Hits New 52-Week High – What’s Next?

Rollins, Inc. (NYSE:ROL)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.10 and last traded at $52.73, with a volume of 80786 shares trading hands. The stock had previously closed at $52.39.

Analyst Ratings Changes

A number of research firms recently weighed in on ROL. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Canaccord Genuity Group raised their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.00.

Rollins Price Performance

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 $25.48 billion, a price-to-earnings ratio of 54.81 and a beta of 0.76. The company has a 50 day moving average of $48.92 and a 200 day moving average of $49.31.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting 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, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is presently 68.75%.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares in the company, valued at $509,866.20. This represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction that occurred 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. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Institutional Investors Weigh In On Rollins

A number of institutional investors and hedge funds have recently modified their holdings of the company. Eastern Bank grew its stake in shares of Rollins by 0.5% in the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock valued at $2,337,000 after buying an additional 236 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Rollins by 1.9% in the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 252 shares in the last quarter. Keel Point LLC lifted its position in shares of Rollins by 5.1% during the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after purchasing an additional 262 shares during the last quarter. Kensington Investment Counsel LLC grew its position in shares of Rollins by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after acquiring an additional 263 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in Rollins by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock worth $1,752,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds 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.