Shares of Rollins, Inc. (NYSE:ROL) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $47.67.
Several research analysts recently weighed in on the company. Zacks Investment Research raised Rollins from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Saturday, January 27th. William Blair began coverage on Rollins in a report on Monday, January 29th. They set an “outperform” rating for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Rollins in a report on Sunday, October 29th.
Shares of Rollins (ROL) traded down $1.40 during mid-day trading on Monday, reaching $46.80. The company had a trading volume of 847,587 shares, compared to its average volume of 659,758. Rollins has a fifty-two week low of $35.39 and a fifty-two week high of $51.78. The company has a market capitalization of $10,510.00, a PE ratio of 57.07 and a beta of 0.23.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. This is an increase from Rollins’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, February 8th. Rollins’s dividend payout ratio is currently 56.10%.
In related news, Vice Chairman Gary W. Rollins bought 2,180 shares of Rollins stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $45.84 per share, with a total value of $99,931.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 56.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Rollins by 2.9% during the second quarter. Vanguard Group Inc. now owns 9,992,641 shares of the business services provider’s stock valued at $406,800,000 after purchasing an additional 282,781 shares during the last quarter. State Street Corp lifted its holdings in shares of Rollins by 22.0% during the second quarter. State Street Corp now owns 3,057,753 shares of the business services provider’s stock valued at $124,482,000 after purchasing an additional 551,185 shares during the last quarter. Riverbridge Partners LLC lifted its stake in Rollins by 0.6% in the 3rd quarter. Riverbridge Partners LLC now owns 1,790,872 shares of the business services provider’s stock worth $82,631,000 after acquiring an additional 10,110 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Rollins by 10.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,760,860 shares of the business services provider’s stock worth $81,246,000 after acquiring an additional 166,916 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Rollins by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,270,295 shares of the business services provider’s stock worth $58,611,000 after acquiring an additional 23,872 shares in the last quarter. 37.63% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Rollins, Inc. (ROL) Receives $47.67 Average PT from Brokerages” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://sportsperspectives.com/2018/02/05/rollins-inc-rol-receives-47-67-average-pt-from-brokerages.html.
Rollins Company Profile
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.