Rollins (NYSE:ROL) Shares Climb 4.2% – Time to Buy?

Rollins, Inc. (NYSE:ROL)’s share price traded up 4.2% during trading on Thursday. The company traded as high as $32.13 and last traded at $32.1790. 3,173,821 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 4,398,021 shares. The stock had previously closed at $30.87.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROL. Morgan Stanley lowered their target price on Rollins from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Raymond James Financial set a $35.00 price target on shares of Rollins in a research note on Thursday, July 23rd. Argus downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Piper Sandler downgraded shares of Rollins from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $46.00 to $33.00 in a report on Wednesday, September 23rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $45.94.

Rollins Trading Down 1.0%

The stock has a market capitalization of $15.37 billion, a PE ratio of 29.05, a P/E/G ratio of 3.59 and a beta of 0.73. The firm has a 50 day moving average price of $34.47 and a 200 day moving average price of $43.95. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34.

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

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a dividend of $0.1825 per share. The ex-dividend date was Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 2.3%. Rollins’s dividend payout ratio (DPR) is 66.36%.

Institutional Trading of Rollins

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Rollins in the 2nd quarter worth about $1,204,334,000. Legal & General Group Plc purchased a new stake in Rollins during the second quarter valued at about $84,181,000. Pictet Asset Management Holding SA lifted its holdings in Rollins by 188.2% during the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock valued at $155,335,000 after purchasing an additional 1,899,515 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Rollins during the second quarter worth about $65,993,000. Finally, Manning & Napier Advisors LLC bought a new position in Rollins during the second quarter worth about $63,126,000. Institutional investors own 51.79% of the company’s stock.

About Rollins

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.