Morgan Stanley Cuts Rollins (NYSE:ROL) Price Target to $45.00

Rollins (NYSE:ROL) had its price target decreased by Morgan Stanley from $60.00 to $45.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. UBS Group reiterated a “neutral” rating and set a $43.00 target price (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. Raymond James Financial set a $35.00 price target on Rollins in a research report on Thursday, July 23rd. Canaccord Genuity Group set a $45.00 price target on Rollins and gave the company a “hold” rating in a research note on Thursday, July 23rd. Citigroup started coverage on shares of Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.94.

Rollins Stock Up 1.6%

NYSE ROL opened at $30.59 on Tuesday. 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 company has a market cap of $14.72 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 3.29 and a beta of 0.74. The company has a 50 day moving average of $35.40 and a 200-day moving average of $44.87. Rollins has a 1-year low of $29.69 and a 1-year high of $66.14.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company earned $0.30 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Rollins will post 1.16 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.4%. Rollins’s payout ratio is 66.36%.

Institutional Trading of Rollins

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Rollins in the second quarter valued at about $1,204,334,000. State Street Corp lifted its holdings in shares of Rollins by 3.7% in the second quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock worth $566,046,000 after acquiring an additional 488,046 shares during the last quarter. Norges Bank bought a new position in shares of Rollins in the fourth quarter worth about $244,669,000. AMF Tjanstepension AB lifted its holdings in shares of Rollins by 2.4% in the first quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock worth $195,974,000 after acquiring an additional 87,139 shares during the last quarter. Finally, USS Investment Management Ltd boosted its stake in shares of Rollins by 55.9% in the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock valued at $167,260,000 after purchasing an additional 1,123,237 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Trending Headlines about Rollins

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: Several articles concern Agriculture Secretary Brooke Rollins—not Rollins, Inc.—including USDA efforts to support dairy farms, address rising diesel and beef costs, and assist farmers with cost pressures. These stories should not materially affect ROL stock. Ag Secretary Brooke Rollins addresses rising diesel, beef prices during Wisconsin visit Rollins Pledges USDA Support for Dairy Amid Cost Pressures USDA focused on securing future of dairy farms
• Neutral Sentiment: Reports about Brooke Rollins visiting a CASE manufacturing plant, increasing regenerative-agriculture funding, and using artificial intelligence to combat government fraud also relate to the USDA official rather than the pest-control company. Rollins to Visit CASE Plant for Ag Manufacturing Announcement Rollins announces boost in regenerative ag funds
• Negative Sentiment: Morgan Stanley reportedly lowered its expectations for Rollins, Inc. (NYSE: ROL). Although the article does not indicate the full details of the revision, a reduced price target or outlook can weigh on the stock by reinforcing already cautious analyst sentiment. Morgan Stanley Has Lowered Expectations for Rollins Stock Price

About Rollins

Rollins, Inc is a global provider of pest and wildlife control services. The company serves residential and commercial customers with solutions for common pests, including insects, rodents, termites, bedbugs and mosquitoes. Its services also include wildlife management, sanitation and related specialty treatments.

Rollins operates through a portfolio of well-known brands, including Orkin, Terminix, HomeTeam Pest Defense and Critter Control. These brands provide recurring pest prevention, inspections, extermination, termite control and other property protection services to homeowners, businesses and institutions.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins has expanded its operations across the United States and into international markets.