Rollins (NYSE:ROL) Stock Gets Price Target Reduction from Citigroup

Rollins (NYSE:ROL) had its price target cut by Citigroup from $46.00 to $32.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on ROL. Morgan Stanley lowered their price target on Rollins from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Piper Sandler lowered shares of Rollins from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $33.00 in a research note on Wednesday, September 23rd. Barclays set a $45.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research report on Friday, July 24th. BNP Paribas Exane cut their price objective on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Finally, Zacks Research downgraded shares of Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Rollins has an average rating of “Hold” and an average price target of $44.00.

Rollins Trading Down 1.3%

Shares of ROL stock opened at $33.44 on Thursday. The company has a market cap of $16.09 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 3.72 and a beta of 0.73. Rollins has a 1 year low of $29.28 and a 1 year high of $66.14. The stock’s 50 day simple moving average is $33.99 and its two-hundred day simple moving average is $43.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%. Rollins’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Research analysts predict that Rollins will post 1.16 earnings per share for the current year.

Rollins Announces Dividend

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

Institutional Investors Weigh In On Rollins

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amundi boosted its stake in shares of Rollins by 71.4% during the second quarter. Amundi now owns 1,851,904 shares of the business services provider’s stock valued at $77,300,000 after purchasing an additional 771,578 shares during the period. Dudley & Shanley Inc. grew its holdings in shares of Rollins by 8.8% in the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock worth $20,689,000 after purchasing an additional 39,925 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Rollins in the second quarter worth about $3,619,000. Public Employees Retirement System of Ohio increased its stake in Rollins by 16.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock worth $11,551,000 after buying an additional 31,173 shares during the period. Finally, Danske Bank A S purchased a new position in Rollins in the 2nd quarter worth about $61,792,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

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.