Rollins, Inc. $ROL Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in Rollins, Inc. (NYSE:ROL) by 30.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718,055 shares of the business services provider’s stock after selling 319,859 shares during the quarter. Hsbc Holdings PLC owned approximately 0.15% of Rollins worth $43,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Rollins in the fourth quarter worth approximately $244,669,000. Vanguard Group Inc. increased its position in Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after purchasing an additional 1,562,241 shares during the last quarter. Bessemer Group Inc. increased its position in Rollins by 11,772.1% during the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock worth $65,086,000 after purchasing an additional 1,075,264 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in Rollins during the fourth quarter worth approximately $60,020,000. Finally, Select Equity Group L.P. raised its stake in Rollins by 149.6% during the second quarter. Select Equity Group L.P. now owns 1,265,543 shares of the business services provider’s stock worth $71,402,000 after purchasing an additional 758,462 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Rothschild & Co Redburn set a $66.00 price objective on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings lowered Rollins from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a report on Thursday, April 23rd. Finally, Loop Capital assumed coverage on Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Rollins has a consensus rating of “Moderate Buy” and an average price target of $63.71.

Rollins Price Performance

ROL stock opened at $44.70 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. Rollins, Inc. has a 1 year low of $44.09 and a 1 year high of $66.14. The firm has a market cap of $21.52 billion, a P/E ratio of 41.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.73. The stock has a 50-day simple moving average of $51.28 and a 200-day simple moving average of $56.42.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.Rollins’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, equities analysts predict that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were paid a dividend of $0.1825 per share. The ex-dividend date was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.6%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

About Rollins

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.