Rollins (NYSE:ROL) Price Target Raised to $58.00 at Wells Fargo & Company

Rollins (NYSE:ROL) had its price objective upped by Wells Fargo & Company from $56.00 to $58.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 18.93% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley raised their price objective on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has an average rating of “Hold” and an average target price of $51.00.

Rollins Price Performance

NYSE ROL opened at $48.77 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 50.80 and a beta of 0.72. The company has a 50 day simple moving average of $49.35 and a 200-day simple moving average of $49.19. Rollins has a 52-week low of $40.41 and a 52-week high of $52.16.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict that Rollins will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Institutional Investors Weigh In On Rollins

Hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its position in Rollins by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after acquiring an additional 148,316 shares during the period. Montrusco Bolton Investments Inc. increased its holdings in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the period. Geode Capital Management LLC increased its holdings in shares of Rollins by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares during the period. Renaissance Technologies LLC raised its position in shares of Rollins by 4.9% during the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after buying an additional 133,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Rollins by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after buying an additional 31,458 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.