Rollins (NYSE:ROL) Reaches New 52-Week High at $50.15

Rollins, Inc. (NYSE:ROL)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $50.15 and last traded at $50.15, with a volume of 431989 shares trading hands. The stock had previously closed at $49.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ROL shares. UBS Group reiterated a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley increased their price target on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Rollins Stock Up 2.3 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 55.23, a P/E/G ratio of 3.72 and a beta of 0.70. The business has a fifty day moving average of $47.02 and a 200 day moving average of $45.04.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities analysts predict that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.19%. Rollins’s dividend payout ratio is 67.42%.

Insider Activity

In other Rollins news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the transaction, the chief executive officer now owns 288,671 shares in the company, valued at $13,625,271.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the transaction, the chief executive officer now owns 288,671 shares in the company, valued at approximately $13,625,271.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the sale, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,331 shares of company stock valued at $949,623. Insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Rollins in the 4th quarter valued at about $256,862,000. Vanguard Group Inc. boosted its position in Rollins by 18.7% during the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after purchasing an additional 5,041,371 shares during the period. APG Asset Management US Inc. acquired a new position in shares of Rollins in the fourth quarter valued at $77,075,000. TD Asset Management Inc boosted its holdings in shares of Rollins by 217.3% during the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after buying an additional 1,690,668 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in Rollins in the 4th quarter valued at about $47,089,000. 51.79% of the stock is owned by institutional investors and hedge funds.

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.