Hsbc Holdings PLC Acquires New Position in Rollins, Inc. $ROL

Hsbc Holdings PLC bought a new position in Rollins, Inc. (NYSE:ROLFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 834,153 shares of the business services provider’s stock, valued at approximately $34,790,000. Hsbc Holdings PLC owned about 0.17% of Rollins at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. DV Equities LLC bought a new position in Rollins during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares during the last quarter. Torren Management LLC bought a new stake in shares of Rollins in the 4th quarter worth approximately $36,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Rollins in the 4th quarter valued at $43,000. Finally, Quarry LP boosted its stake in shares of Rollins by 155.2% in the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 2.1%

Shares of ROL opened at $35.92 on Friday. The stock has a market capitalization of $17.29 billion, a P/E ratio of 32.66, a PEG ratio of 4.02 and a beta of 0.75. Rollins, Inc. has a twelve month low of $35.81 and a twelve month high of $66.14. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $40.50 and a two-hundred day simple moving average of $49.45.

Rollins (NYSE:ROLGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. Rollins’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, research analysts anticipate that Rollins, Inc. will post 1.18 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.1825 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s dividend payout ratio (DPR) is presently 66.36%.

Analyst Ratings Changes

A number of equities analysts recently commented on ROL shares. BNP Paribas Exane decreased their target price on shares of Rollins from $63.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Weiss Ratings lowered shares of Rollins from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a research note on Friday, July 24th. Piper Sandler decreased their price objective on Rollins from $72.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Citigroup initiated coverage on Rollins in a research note on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Rollins has an average rating of “Hold” and an average price target of $48.71.

View Our Latest Stock Report on Rollins

Rollins Company 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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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