Baird Financial Group Inc. Sells 63,732 Shares of Rollins, Inc. $ROL

Baird Financial Group Inc. reduced its holdings in Rollins, Inc. (NYSE:ROL) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,004,047 shares of the business services provider’s stock after selling 63,732 shares during the quarter. Baird Financial Group Inc. owned approximately 0.21% of Rollins worth $56,648,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Rollins in the second quarter worth $30,000. TD Waterhouse Canada Inc. lifted its holdings in Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock worth $41,000 after buying an additional 269 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares during the last quarter. National Pension Service increased its stake in shares of Rollins by 75.0% in 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. increased its stake in shares of Rollins by 587.7% in 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. Institutional investors own 51.79% of the company’s stock.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 2,395 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $57.77, for a total transaction of $138,359.15. Following the completion of the sale, the insider owned 34,732 shares in the company, valued at approximately $2,006,467.64. The trade was a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ROL shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a research note on Tuesday. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research note on Monday. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Wells Fargo & Company set a $63.00 target price on shares of Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $63.42.

Rollins Stock Performance

Shares of ROL opened at $60.31 on Friday. Rollins, Inc. has a one year low of $45.34 and a one year high of $61.84. The company has a market cap of $29.23 billion, a PE ratio of 56.37 and a beta of 0.79. The stock has a 50-day moving average of $58.29 and a 200-day moving average of $57.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.71.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.1825 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio (DPR) is 68.22%.

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.