Baird Financial Group Inc. Has $56.65 Million Stake in Rollins, Inc. $ROL

Baird Financial Group Inc. reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.0% in the second quarter, HoldingsChannel.com reports. The firm owned 1,004,047 shares of the business services provider’s stock after selling 63,732 shares during the period. Baird Financial Group Inc.’s holdings in Rollins were worth $56,648,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Rollins during the second quarter valued at approximately $30,000. TD Waterhouse Canada Inc. lifted its stake in Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 269 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 375 shares in the last quarter. National Pension Service boosted its holdings in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after acquiring an additional 462 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Rollins by 587.7% during the 2nd quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROL. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rollins in a research note on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Finally, Wells Fargo & Company set a $63.00 target price on Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.42.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 2,395 shares of Rollins stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $57.77, for a total value of $138,359.15. Following the completion of the transaction, the insider owned 34,732 shares in the company, valued at $2,006,467.64. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is owned by insiders.

Rollins Stock Performance

NYSE:ROL opened at $60.31 on Friday. The company has a market capitalization of $29.23 billion, a P/E ratio of 56.37 and a beta of 0.79. The business has a fifty day simple moving average of $58.29 and a two-hundred day simple 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, Inc. has a 1 year low of $45.34 and a 1 year high of $61.84.

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 the consensus estimate of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

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

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.