Rollins, Inc. (NYSE:ROL) Stock Holdings Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,002,351 shares of the business services provider’s stock after buying an additional 108,239 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Rollins worth $48,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its position in Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares during the period. Czech National Bank grew its position in Rollins by 0.5% in the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after buying an additional 226 shares in the last quarter. Quent Capital LLC increased its stake in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares during the period. Federated Hermes Inc. raised its position in shares of Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after buying an additional 249 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Rollins by 18.4% in the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 269 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Trading Up 0.1 %

Shares of NYSE ROL opened at $50.15 on Friday. The firm has a market capitalization of $24.28 billion, a PE ratio of 56.35, a PEG ratio of 3.99 and a beta of 0.70. Rollins, Inc. has a one year low of $32.19 and a one year high of $51.96. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $49.24 and a two-hundred day moving average price of $47.48.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. As a group, analysts predict that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. Rollins’s payout ratio is 67.42%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the transaction, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company assumed coverage on Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price objective for the company. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.