Hsbc Holdings PLC Decreases Stake in Rollins, Inc. $ROL

Hsbc Holdings PLC lowered its holdings in Rollins, Inc. (NYSE:ROLFree Report) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 718,055 shares of the business services provider’s stock after selling 319,859 shares during the period. Hsbc Holdings PLC’s holdings in Rollins were worth $43,105,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ROL. Bayban acquired a new position in Rollins in the fourth quarter worth about $49,000. Caitong International Asset Management Co. Ltd raised its position in shares of Rollins by 49.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,150 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 1,379 shares in the last quarter. Tobam lifted its stake in Rollins by 1,587.1% during the fourth quarter. Tobam now owns 5,247 shares of the business services provider’s stock worth $315,000 after purchasing an additional 4,936 shares during the last quarter. BDFS Capital LLC bought a new position in Rollins during the fourth quarter worth $677,000. Finally, DGS Capital Management LLC lifted its stake in Rollins by 46.0% during the fourth quarter. DGS Capital Management LLC now owns 5,387 shares of the business services provider’s stock worth $323,000 after purchasing an additional 1,697 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Trading Up 0.7%

Shares of NYSE:ROL opened at $44.70 on Wednesday. The company has a market cap of $21.52 billion, a PE ratio of 41.01, a P/E/G ratio of 2.73 and a beta of 0.73. The company’s 50-day moving average price is $51.28 and its 200 day moving average price is $56.42. Rollins, Inc. has a fifty-two week low of $44.09 and a fifty-two week high of $66.14. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROLGet Free Report) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same quarter in the prior year, the firm earned $0.22 EPS. Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Dividend Announcement

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. The ex-dividend date was Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.6%. Rollins’s payout ratio is currently 66.97%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ROL. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Loop Capital began coverage on shares of Rollins in a research report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target on the stock. UBS Group lifted their price target on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company lowered their price objective on shares of Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $67.00 price objective on shares of Rollins in a research note on Thursday, April 23rd. One equities research 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 MarketBeat.com, Rollins has an average rating of “Moderate Buy” and an average target price of $63.71.

Read Our Latest Stock Analysis on Rollins

Rollins Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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