Rollins (NYSE:ROL) Sets New 52-Week High – Here’s Why

Rollins, Inc. (NYSE:ROL) shares reached a new 52-week high on Thursday . The stock traded as high as $52.39 and last traded at $52.44, with a volume of 362487 shares traded. The stock had previously closed at $50.10.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley increased their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and an average price target of $52.00.

Rollins Stock Down 2.4 %

The firm’s 50 day simple moving average is $48.06 and its 200 day simple moving average is $48.98. The company has a market cap of $24.55 billion, a price-to-earnings ratio of 52.81 and a beta of 0.76. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Sell-side analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s dividend payout ratio is presently 68.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Keel Point LLC increased its stake in shares of Rollins by 5.1% during the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 262 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Rollins by 12.2% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,351,857 shares of the business services provider’s stock worth $62,659,000 after buying an additional 146,570 shares in the last quarter. Voleon Capital Management LP bought a new stake in Rollins during the fourth quarter worth approximately $1,246,000. Schonfeld Strategic Advisors LLC boosted its holdings in Rollins by 736.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider’s stock worth $3,821,000 after buying an additional 72,581 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in Rollins by 12.0% during the fourth quarter. AdvisorShares Investments LLC now owns 152,126 shares of the business services provider’s stock worth $7,051,000 after buying an additional 16,310 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

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.