Rollins (NYSE:ROL) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Rollins (NYSE:ROL) had its price objective decreased by JPMorgan Chase & Co. from $40.00 to $35.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.

ROL has been the subject of a number of other research reports. Raymond James Financial set a $35.00 target price on shares of Rollins in a research note on Thursday, July 23rd. BNP Paribas Exane cut their price target on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a “hold” rating in a research report on Thursday, July 23rd. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Barclays set a $45.00 price objective on Rollins and gave the stock an “overweight” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.00.

Rollins Trading Up 3.8%

NYSE ROL opened at $33.87 on Tuesday. The business’s 50-day moving average price is $34.07 and its two-hundred day moving average price is $43.31. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $16.30 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 3.63 and a beta of 0.73. Rollins has a 12 month low of $29.28 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Rollins will post 1.16 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were issued a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 10th. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Institutional Investors Weigh In On Rollins

Several hedge funds and other institutional investors have recently bought and sold shares of ROL. BlackRock Inc. bought a new position in shares of Rollins during the 2nd quarter worth about $1,204,334,000. Legal & General Group Plc acquired a new stake in Rollins in the second quarter valued at approximately $84,181,000. Pictet Asset Management Holding SA increased its holdings in shares of Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after acquiring an additional 1,899,515 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Rollins during the second quarter worth approximately $65,993,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Rollins during the second quarter worth approximately $63,126,000. 51.79% of the stock is owned by institutional investors.

About Rollins

Rollins, Inc is a global provider of pest and wildlife control services. The company serves residential and commercial customers with solutions for common pests, including insects, rodents, termites, bedbugs and mosquitoes. Its services also include wildlife management, sanitation and related specialty treatments.

Rollins operates through a portfolio of well-known brands, including Orkin, Terminix, HomeTeam Pest Defense and Critter Control. These brands provide recurring pest prevention, inspections, extermination, termite control and other property protection services to homeowners, businesses and institutions.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins has expanded its operations across the United States and into international markets.