Rollins (NYSE:ROL) Downgraded to “Hold” Rating by Argus

by · The Markets Daily

Rollins (NYSE:ROL – Get Free Report) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, MarketBeat reports.

ROL has been the topic of several other reports. Loop Capital started coverage on shares of Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price target on the stock. Zacks Research cut shares of Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings lowered shares of Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $52.00 to $40.00 in a research report on Thursday, July 23rd. Finally, Barclays set a $45.00 price target on shares of Rollins and gave the stock an “overweight” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Hold” and an average target price of $48.71.

Read Our Latest Research Report on Rollins

Rollins Price Performance

Shares of Rollins stock opened at $37.79 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $18.18 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 4.14 and a beta of 0.75. The business’s 50-day moving average price is $43.99 and its 200-day moving average price is $52.63. Rollins has a 12 month low of $36.59 and a 12 month high of $66.14.

Rollins (NYSE:ROL – Get Free Report) last released 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). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Sell-side analysts forecast that Rollins will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Rollins during the 4th quarter valued at $244,669,000. Pictet Asset Management Holding SA increased its position in shares of Rollins by 188.2% in 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 acquiring an additional 1,899,515 shares during the period. Vanguard Group Inc. raised its stake in shares of Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares during the last quarter. USS Investment Management Ltd raised its stake in shares of Rollins by 55.9% during the first quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after acquiring an additional 1,123,237 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Rollins by 11,772.1% during the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock worth $65,086,000 after purchasing an additional 1,075,264 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

About Rollins

(Get Free Report)

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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