Hsbc Holdings PLC Lowers Stock Holdings in Rollins, Inc. $ROL

Hsbc Holdings PLC cut its position in Rollins, Inc. (NYSE:ROL) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,055 shares of the business services provider’s stock after selling 319,859 shares during the quarter. Hsbc Holdings PLC owned 0.15% of Rollins worth $43,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. DV Equities LLC purchased a new position in Rollins during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake in Rollins by 528.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after purchasing an additional 354 shares during the period. Board of the Pension Protection Fund purchased a new stake in Rollins during the fourth quarter worth about $30,000. Torren Management LLC acquired a new stake in shares of Rollins during the fourth quarter worth about $36,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Rollins in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of ROL opened at $43.41 on Monday. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 2.67 and a beta of 0.75. The firm’s fifty day simple moving average is $49.38 and its 200-day simple moving average is $55.47. Rollins, Inc. has a twelve month low of $41.50 and a twelve month high of $66.14. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

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

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were given a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend payout ratio is currently 66.97%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company set a $46.00 price target on shares of Rollins and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. UBS Group boosted their target price on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings downgraded Rollins from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.07.

Rollins Company Profile

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.