Jefferies Financial Group Inc. Has $7.05 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Key Points

• Jefferies Financial Group Inc. increased its stake in Rollins, Inc. by 4.2% during the first quarter, holding 130,497 shares valued at approximately $7.05 million.
• Rollins reported earnings of $0.30 per share for the last quarter, surpassing estimates, with a revenue of $999.53 million, which was also above analyst expectations.
• The company recently declared a $0.165 quarterly dividend, which will be paid on September 10th, representing an annual yield of 1.1%.

Jefferies Financial Group Inc. increased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,497 shares of the business services provider's stock after purchasing an additional 5,318 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Rollins were worth $7,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ROL. City Holding Co. bought a new stake in shares of Rollins in the 1st quarter valued at about $27,000. GW&K Investment Management LLC raised its holdings in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares during the period. Mizuho Bank Ltd. bought a new stake in shares of Rollins in the 4th quarter valued at about $37,000. CVA Family Office LLC raised its holdings in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the period. Finally, Colonial Trust Co SC grew its stake in Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after buying an additional 411 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider owned 38,028 shares in the company, valued at approximately $2,150,103.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction that occurred 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 sale, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,921 shares of company stock worth $4,120,613 in the last quarter. 4.47% of the stock is currently owned by company insiders.

Rollins Price Performance

Shares of NYSE ROL traded up $0.43 during trading hours on Friday, hitting $57.70. 1,919,634 shares of the stock were exchanged, compared to its average volume of 1,700,949. 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 company has a market cap of $27.96 billion, a PE ratio of 57.13 and a beta of 0.69. The company's fifty day simple moving average is $56.65 and its two-hundred day simple moving average is $54.14. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65.

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

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Piper Sandler upped their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group upped their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.40.

About Rollins

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.