Jefferies Financial Group Inc. Sells 119,200 Shares of Rollins, Inc. $ROL

Jefferies Financial Group Inc. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL) by 91.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,297 shares of the business services provider’s stock after selling 119,200 shares during the period. Jefferies Financial Group Inc.’s holdings in Rollins were worth $637,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Rollins in the 2nd quarter valued at $30,000. TD Waterhouse Canada Inc. raised its position in Rollins by 58.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after purchasing an additional 269 shares during the period. Geneos Wealth Management Inc. lifted its stake in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the last quarter. National Pension Service boosted its position in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after buying an additional 462 shares during the period. Finally, Assetmark Inc. boosted its position in Rollins by 587.7% during the second quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,005 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of ROL stock opened at $61.57 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $61.70. The firm has a market cap of $29.84 billion, a P/E ratio of 57.54 and a beta of 0.72. The business’s 50 day moving average price is $57.78 and its 200-day moving average price is $57.16.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.1825 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is 68.22%.

Insider Buying and Selling at Rollins

In related news, insider Thomas D. Tesh sold 2,395 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $57.77, for a total transaction of $138,359.15. Following the transaction, the insider owned 34,732 shares in the company, valued at $2,006,467.64. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ROL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $64.00 price objective on shares of Rollins in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research note on Monday. JPMorgan Chase & Co. assumed coverage on Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Canaccord Genuity Group set a $55.00 price target on shares of Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.