Rollins (NYSE:ROL) Stock Gets Price Target Trim from Morgan Stanley

Rollins (NYSE:ROL) had its price target lowered by Morgan Stanley from $45.00 to $43.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the stock. Raymond James Financial set a $35.00 price objective on shares of Rollins in a research note on Thursday, July 23rd. Bank of America reissued a “neutral” rating and set a $35.00 target price (down from $55.00) on shares of Rollins in a research note on Thursday, July 23rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $45.00 target price (down from $70.00) on shares of Rollins in a report on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $27.00 price target (down from $32.00) on shares of Rollins in a research report on Tuesday, September 29th. Finally, Royal Bank Of Canada downgraded Rollins from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.00.

Rollins Price Performance

Shares of ROL opened at $33.87 on Tuesday. The business has a 50-day moving average of $34.07 and a 200-day moving average of $43.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 3.63 and a beta of 0.73. Rollins has a 1 year low of $29.28 and a 1 year 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). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, equities research analysts anticipate that Rollins will post 1.16 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a dividend of $0.1825 per share. The ex-dividend date was Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.2%. Rollins’s payout ratio is currently 66.36%.

Hedge Funds Weigh In On Rollins

A number of institutional investors have recently modified their holdings of ROL. Sequoia Financial Advisors LLC raised its position in shares of Rollins by 1.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after purchasing an additional 183 shares during the period. IFM Investors Pty Ltd grew its position in Rollins by 0.3% in the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 185 shares during the period. DGS Capital Management LLC grew its position in Rollins by 4.0% in the 1st quarter. DGS Capital Management LLC now owns 5,602 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 215 shares during the period. Sterling Group Wealth Management LLC grew its position in Rollins by 6.1% in the 1st quarter. Sterling Group Wealth Management LLC now owns 4,106 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 235 shares during the period. Finally, Gallacher Capital Management LLC increased its stake in Rollins by 5.6% during the 1st quarter. Gallacher Capital Management LLC now owns 5,087 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 268 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Company Profile

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.