Jefferies Financial Group Inc. Acquires Shares of 319,013 Rollins, Inc. $ROL

Jefferies Financial Group Inc. bought a new position in Rollins, Inc. (NYSE:ROL) during the second quarter, Holdings Channel reports. The firm bought 319,013 shares of the business services provider’s stock, valued at approximately $13,316,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. National Pension Service increased its stake in shares of Rollins by 138.3% in the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock worth $3,078,000 after purchasing an additional 29,758 shares in the last quarter. Dudley & Shanley Inc. lifted its stake in shares of Rollins by 8.8% during the 2nd quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider’s stock valued at $20,689,000 after buying an additional 39,925 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Rollins by 16.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider’s stock valued at $11,551,000 after buying an additional 31,173 shares in the last quarter. USS Investment Management Ltd boosted its holdings in 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 worth $167,260,000 after buying an additional 1,123,237 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Rollins by 73.3% in the 1st quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider’s stock worth $100,365,000 after buying an additional 794,722 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut shares of Rollins from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $46.00 to $32.00 in a report on Friday, July 24th. Piper Sandler cut their price target on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Royal Bank Of Canada cut Rollins from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Raymond James Financial set a $35.00 price objective on Rollins in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Rollins presently has an average rating of “Hold” and a consensus target price of $48.71.

Rollins Stock Performance

Rollins stock opened at $35.92 on Friday. The firm’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $49.45. 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 $17.29 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 4.02 and a beta of 0.75. Rollins, Inc. has a 1-year low of $35.81 and a 1-year 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 return on equity of 38.81% and a net margin of 13.55%.The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts expect that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

Rollins Profile

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.