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

Hsbc Holdings PLC lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 30.8% in the 4th quarter, Holdings Channel reports. 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’s holdings in Rollins were worth $43,105,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Rollins during the 4th quarter worth $244,669,000. Vanguard Group Inc. boosted its stake in Rollins by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares in the last quarter. Bessemer Group Inc. boosted its stake in Rollins by 11,772.1% in the fourth quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock valued at $65,086,000 after acquiring an additional 1,075,264 shares in the last quarter. Ghisallo Capital Management LLC purchased a new position in shares of Rollins during the fourth quarter worth about $60,020,000. Finally, Select Equity Group L.P. grew its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Canaccord Genuity Group set a $51.00 price target on Rollins and gave the stock a “hold” rating in a research note on Friday, April 24th. Sanford C. Bernstein lowered Rollins from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $70.00 to $52.00 in a research report on Friday, May 29th. Finally, Weiss Ratings cut Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average target price of $63.07.

Rollins Price Performance

Shares of NYSE:ROL opened at $43.41 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $20.90 billion, a P/E ratio of 39.83, a PEG ratio of 2.67 and a beta of 0.75. Rollins, Inc. has a 52 week low of $41.50 and a 52 week high of $66.14. The company has a 50-day moving average price of $49.38 and a 200 day moving average price of $55.47.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th were issued a $0.1825 dividend. 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 (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.