Janney Montgomery Scott LLC Sells 9,083 Shares of Rollins, Inc. $ROL

Key Points

• Janney Montgomery Scott LLC sold 9,083 shares of Rollins, Inc., decreasing its stake by 4.5%, while still holding 194,800 shares valued at approximately $10.99 million.
• Rollins, Inc. reported a quarterly earnings per share (EPS) of $0.30, exceeding analysts' expectations, with revenue of $999.53 million for the quarter, marking a 12.1% year-over-year increase.
• The company recently announced a quarterly dividend of $0.165 per share, which represents a 1.1% yield, with a payout ratio of 65.35% as of the latest filing.

Janney Montgomery Scott LLC reduced its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,800 shares of the business services provider's stock after selling 9,083 shares during the quarter. Janney Montgomery Scott LLC's holdings in Rollins were worth $10,991,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC bought a new stake in Rollins during the second quarter worth approximately $213,000. Avior Wealth Management LLC grew its stake in shares of Rollins by 186.3% during the second quarter. Avior Wealth Management LLC now owns 11,665 shares of the business services provider's stock valued at $658,000 after buying an additional 7,591 shares during the last quarter. Crown Oak Advisors LLC grew its stake in shares of Rollins by 0.7% during the second quarter. Crown Oak Advisors LLC now owns 217,344 shares of the business services provider's stock valued at $12,263,000 after buying an additional 1,547 shares during the last quarter. Valicenti Advisory Services Inc. grew its stake in shares of Rollins by 5.7% during the second quarter. Valicenti Advisory Services Inc. now owns 41,590 shares of the business services provider's stock valued at $2,347,000 after buying an additional 2,245 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new position in shares of Rollins during the second quarter valued at approximately $3,221,000. 51.79% of the stock is owned by institutional investors.

Rollins Stock Up 0.7%

Shares of NYSE ROL opened at $58.74 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. The firm has a market capitalization of $28.47 billion, a price-to-earnings ratio of 58.16 and a beta of 0.69. The stock has a 50 day moving average price of $57.27 and a 200 day moving average price of $56.25. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.Rollins's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were issued a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. Rollins's dividend payout ratio is currently 65.35%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROL. Wells Fargo & Company reaffirmed an "overweight" rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. UBS Group upped their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays upped their target price on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Piper Sandler upped their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rollins in a research note on Saturday, September 27th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.18.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is currently owned by corporate insiders.

Rollins Company 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.

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