Rollins (NYSE:ROL) Hits New 12-Month High – What’s Next?

Rollins, Inc. (NYSE:ROL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $65.12 and last traded at $64.93, with a volume of 2827041 shares. The stock had previously closed at $64.31.

Wall Street Analysts Forecast Growth

ROL has been the subject of several analyst reports. Jefferies Financial Group set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a research report on Monday, November 3rd. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. UBS Group set a $65.00 price target on Rollins in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 price objective on shares of Rollins in a report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $67.67.

Rollins Trading Up 1.0%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. The firm has a market capitalization of $31.47 billion, a PE ratio of 60.68 and a beta of 0.78. The stock’s 50-day simple moving average is $61.42 and its 200-day simple moving average is $58.99.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be given a dividend of $0.1825 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.73 annualized dividend and a dividend yield of 1.1%. Rollins’s payout ratio is currently 68.22%.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 887 shares of Rollins stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $63.26, for a total transaction of $56,111.62. Following the sale, the insider directly owned 28,344 shares of the company’s stock, valued at approximately $1,793,041.44. The trade was a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John F. Wilson sold 5,344 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $62.83, for a total value of $335,763.52. Following the transaction, the chairman owned 594,705 shares in the company, valued at $37,365,315.15. This trade represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,545 shares of company stock valued at $3,850,173 over the last ninety days. 4.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rollins

A number of institutional investors have recently added to or reduced their stakes in ROL. Vanguard Group Inc. lifted its position in Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after buying an additional 1,562,241 shares during the period. State Street Corp grew its position in shares of Rollins by 1.4% in the 3rd quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock worth $720,999,000 after buying an additional 172,303 shares during the period. Geode Capital Management LLC increased its stake in shares of Rollins by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock worth $608,256,000 after acquiring an additional 626,866 shares in the last quarter. Invesco Ltd. lifted its position in Rollins by 41.2% during the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after acquiring an additional 1,649,676 shares during the period. Finally, Norges Bank purchased a new position in Rollins during the 4th quarter valued at about $244,669,000. Institutional investors own 51.79% of the company’s stock.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.