Rollins (NYSE:ROL) Reaches New 12-Month High at $50.87

Rollins, Inc. (NYSE:ROL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $50.87 and last traded at $50.54, with a volume of 122853 shares traded. The stock had previously closed at $50.18.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROL shares. Wells Fargo & Company started coverage on Rollins in a report on Monday, August 12th. They set an “overweight” rating and a $54.00 price objective on the stock. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. 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 Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Rollins Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The firm’s 50-day simple moving average is $49.03 and its 200 day simple moving average is $46.85. The stock has a market capitalization of $24.57 billion, a P/E ratio of 57.00, a PEG ratio of 3.94 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $895.02 million. During the same period last year, the business posted $0.23 EPS. Rollins’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts expect that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Monday, August 12th. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the 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 completion of the transaction, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The disclosure for this sale can be found here. Insiders have sold 21,371 shares of company stock valued at $1,028,201 over the last 90 days. 4.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rollins

A number of hedge funds have recently made changes to their positions in ROL. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Rollins by 23.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,444 shares of the business services provider’s stock worth $168,000 after purchasing an additional 664 shares in the last quarter. Scientech Research LLC bought a new position in Rollins during the 2nd quarter worth approximately $359,000. Lighthouse Investment Partners LLC bought a new stake in Rollins during the 2nd quarter valued at $3,067,000. Millennium Management LLC raised its stake in shares of Rollins by 54.8% during the second quarter. Millennium Management LLC now owns 439,043 shares of the business services provider’s stock valued at $21,421,000 after acquiring an additional 155,476 shares during the last quarter. Finally, MBB Public Markets I LLC lifted its holdings in Rollins by 378.8% in the 2nd quarter. MBB Public Markets I LLC now owns 23,328 shares of the business services provider’s stock worth $1,138,000 after buying an additional 18,456 shares during the period. 51.79% of the stock is currently owned by institutional investors.

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.