Hsbc Holdings PLC Sells 947,804 Shares of Rollins, Inc. (NYSE:ROL)

Hsbc Holdings PLC trimmed its position in Rollins, Inc. (NYSE:ROLFree Report) by 53.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 818,937 shares of the business services provider’s stock after selling 947,804 shares during the quarter. Hsbc Holdings PLC owned 0.17% of Rollins worth $35,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Rollins by 72.4% during the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 260 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Rollins by 3.8% during the third quarter. Avantax Advisory Services Inc. now owns 7,150 shares of the business services provider’s stock valued at $267,000 after buying an additional 263 shares during the period. Beacon Pointe Advisors LLC raised its holdings in shares of Rollins by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,806 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 348 shares in the last quarter. Accretive Wealth Partners LLC lifted its stake in Rollins by 2.2% in the fourth quarter. Accretive Wealth Partners LLC now owns 16,759 shares of the business services provider’s stock worth $732,000 after acquiring an additional 355 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Rollins by 22.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 365 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ROL shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, February 15th. UBS Group reissued a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. Morgan Stanley increased their price target on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Get Our Latest Research Report on ROL

Insider Buying and Selling

In related news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the chief financial officer now directly owns 99,078 shares in the company, valued at $4,575,422.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Thomas D. Tesh sold 5,147 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $46.00, for a total transaction of $236,762.00. Following the completion of the transaction, the insider now directly owns 35,387 shares in the company, valued at approximately $1,627,802. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The disclosure for this sale can be found here. Insiders sold 15,147 shares of company stock valued at $692,662 over the last 90 days. Company insiders own 4.69% of the company’s stock.

Rollins Trading Up 1.1 %

Shares of NYSE:ROL opened at $45.86 on Friday. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.69. The stock’s fifty day moving average price is $45.35 and its 200-day moving average price is $43.76. The company has a market cap of $22.21 billion, a P/E ratio of 51.53, a PEG ratio of 3.46 and a beta of 0.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66.

Rollins (NYSE:ROLGet Free Report) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The business had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. During the same quarter in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts expect that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.31%. Rollins’s dividend payout ratio (DPR) is currently 67.42%.

About Rollins

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.