Rollins (NYSE:ROL) Raised to Buy at StockNews.com

Posted by on Mar 17th, 2023

Rollins (NYSE:ROL – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, Redburn Partners started coverage on shares of Rollins in a research note on Wednesday, February 1st. They issued a “buy” rating and a $62.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

Rollins Stock Performance

NYSE:ROL opened at $36.49 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a 50-day moving average of $35.94 and a two-hundred day moving average of $37.12. The stock has a market cap of $17.96 billion, a P/E ratio of 49.31 and a beta of 0.65. Rollins has a 1-year low of $31.43 and a 1-year high of $43.06.

Rollins (NYSE:ROL – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The business services provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $661.40 million during the quarter, compared to analysts’ expectations of $661.44 million. Rollins had a net margin of 13.53% and a return on equity of 30.92%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. On average, research analysts expect that Rollins will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 2,129 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $36.57, for a total transaction of $77,857.53. Following the sale, the insider now owns 96,960 shares in the company, valued at $3,545,827.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 53.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rollins

Several institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in shares of Rollins by 101.9% in the second quarter. Renaissance Technologies LLC now owns 498,900 shares of the business services provider’s stock valued at $17,422,000 after purchasing an additional 251,800 shares during the period. Wahed Invest LLC acquired a new stake in shares of Rollins in the second quarter valued at approximately $86,000. Aigen Investment Management LP acquired a new stake in shares of Rollins in the third quarter valued at approximately $1,620,000. Marshall Wace LLP acquired a new stake in shares of Rollins in the third quarter valued at approximately $5,654,000. Finally, Xponance Inc. boosted its holdings in shares of Rollins by 8.1% in the third quarter. Xponance Inc. now owns 48,821 shares of the business services provider’s stock valued at $1,693,000 after acquiring an additional 3,669 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

About Rollins

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Rollins, Inc engages in the provision of pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia.

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