Rollins (NYSE:ROL) Stock Rating Lowered by Zacks Research

Rollins (NYSE:ROL) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Sanford C. Bernstein cut shares of Rollins from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $70.00 to $52.00 in a report on Friday, May 29th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Weiss Ratings lowered Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. BNP Paribas Exane reduced their price target on Rollins from $63.00 to $44.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 price target (down from $70.00) on shares of Rollins in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rollins presently has a consensus rating of “Hold” and a consensus target price of $48.71.

Rollins Price Performance

Shares of NYSE ROL opened at $38.83 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.23 and a beta of 0.75. The firm’s 50 day simple moving average is $45.21 and its 200-day simple moving average is $53.29. Rollins has a 12 month low of $36.59 and a 12 month high of $66.14.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Rollins will post 1.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after buying an additional 1,620 shares in the last quarter. Empowered Funds LLC increased its stake in Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after buying an additional 918 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Rollins by 40.7% during the first quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 6,859 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Rollins by 185.0% in the second quarter. First Trust Advisors LP now owns 368,718 shares of the business services provider’s stock valued at $20,803,000 after acquiring an additional 239,361 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Rollins

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.