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

Hsbc Holdings PLC purchased a new position in Rollins, Inc. (NYSE:ROL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 834,153 shares of the business services provider’s stock, valued at approximately $34,790,000.

Several other large investors have also added to or reduced their stakes in ROL. DV Equities LLC bought a new position in Rollins in the 4th quarter worth $25,000. Cornerstone Planning Group LLC lifted its position 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 purchasing an additional 354 shares during the period. Torren Management LLC bought a new stake in shares of Rollins during the 4th quarter valued at about $36,000. Westpac Banking Corp bought a new stake in shares of Rollins during the 2nd quarter valued at about $42,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Rollins during the fourth quarter valued at about $43,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 2.1%

NYSE:ROL opened at $35.92 on Friday. Rollins, Inc. has a one year low of $35.81 and a one year high of $66.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The company’s 50-day simple moving average is $40.50 and its 200 day simple moving average is $49.45. The firm 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 (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $0.30 EPS. Rollins’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts forecast that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared 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 is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s dividend payout ratio is presently 66.36%.

Analyst Ratings Changes

Several analysts have commented on ROL shares. Zacks Research lowered shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Canaccord Genuity Group set a $45.00 target price on Rollins and gave the stock a “hold” rating in a report on Thursday, July 23rd. Argus lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Piper Sandler decreased their target price on Rollins from $72.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $70.00 to $52.00 in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.71.

Rollins 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.