William Blair initiated coverage on shares of Rollins (NYSE:ROL) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the business services provider’s stock. William Blair also issued estimates for Rollins’ Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $1.13 EPS.
Several other research analysts also recently commented on ROL. KeyCorp reissued a hold rating on shares of Rollins in a report on Sunday, October 29th. Zacks Investment Research raised shares of Rollins from a hold rating to a buy rating and set a $57.00 price target for the company in a report on Saturday, January 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $47.67.
Rollins (NYSE ROL) opened at $49.34 on Monday. Rollins has a fifty-two week low of $34.75 and a fifty-two week high of $51.78. The company has a market cap of $10,740.00, a price-to-earnings ratio of 60.17 and a beta of 0.28.
The business also recently disclosed 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 is an increase from Rollins’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, February 8th. Rollins’s payout ratio is currently 56.10%.
In related news, Vice Chairman Gary W. Rollins acquired 2,180 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average cost of $45.84 per share, with a total value of $99,931.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 56.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ROL. Janus Henderson Group PLC bought a new stake in shares of Rollins during the 2nd quarter worth $64,889,000. State Street Corp lifted its holdings in shares of Rollins by 22.0% during the 2nd quarter. State Street Corp now owns 3,057,753 shares of the business services provider’s stock worth $124,482,000 after acquiring an additional 551,185 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Rollins by 1,123.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 392,632 shares of the business services provider’s stock worth $17,971,000 after acquiring an additional 360,535 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Rollins by 60.6% during the 3rd quarter. New York State Common Retirement Fund now owns 941,673 shares of the business services provider’s stock worth $43,449,000 after acquiring an additional 355,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Rollins by 38.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,142,621 shares of the business services provider’s stock worth $46,516,000 after acquiring an additional 314,410 shares during the last quarter. 37.61% of the stock is owned by institutional investors.
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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.
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