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

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ROL shares. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. UBS Group raised 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. Morgan Stanley raised 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. Finally, Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Rollins has a consensus rating of “Hold” and an average target price of $52.00.

Rollins Stock Down 2.4 %

The business’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 debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (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 expect that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Dividend Announcement

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

Institutional Investors Weigh In On Rollins

A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Rollins during the 4th quarter valued at $176,784,000. Marshall Wace LLP raised its holdings in shares of Rollins by 389.2% during the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after purchasing an additional 2,203,859 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Rollins during the 4th quarter valued at $74,249,000. Geode Capital Management LLC raised its holdings in shares of Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after purchasing an additional 1,282,508 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Company Profile

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.