Hsbc Holdings PLC Sells 263,535 Shares of Rollins, Inc. $ROL

Key Points

• Hsbc Holdings PLC reduced its stake in Rollins, Inc. by 17.2% in the first quarter, selling 263,535 shares, leaving them with approximately 1.27 million shares valued at $68.64 million.
• Rollins recently reported $999.53 million in revenue for the quarter, exceeding expectations, along with earnings per share of $0.30, slightly above analyst estimates.
• The company declared a quarterly dividend of $0.165 per share, with an ex-dividend date of August 11th, indicating a 1.1% yield for shareholders.

Hsbc Holdings PLC lowered its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 17.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,272,953 shares of the business services provider's stock after selling 263,535 shares during the quarter. Hsbc Holdings PLC owned approximately 0.26% of Rollins worth $68,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ROL. RWA Wealth Partners LLC purchased a new position in shares of Rollins during the first quarter worth about $217,000. Wellington Management Group LLP grew its holdings in shares of Rollins by 44.2% during the first quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider's stock worth $157,659,000 after purchasing an additional 894,731 shares in the last quarter. Aviso Financial Inc. grew its holdings in shares of Rollins by 47.4% during the first quarter. Aviso Financial Inc. now owns 13,486 shares of the business services provider's stock worth $729,000 after purchasing an additional 4,338 shares in the last quarter. Algert Global LLC grew its holdings in shares of Rollins by 540.6% during the first quarter. Algert Global LLC now owns 103,264 shares of the business services provider's stock worth $5,579,000 after purchasing an additional 87,144 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of Rollins by 8.8% during the first quarter. Cresset Asset Management LLC now owns 27,807 shares of the business services provider's stock worth $1,502,000 after purchasing an additional 2,241 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

NYSE:ROL opened at $57.9860 on Friday. The business has a 50 day moving average of $56.83 and a 200 day moving average of $54.99. The company has a market capitalization of $28.10 billion, a price-to-earnings ratio of 57.41 and a beta of 0.69. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.Rollins's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. On average, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's payout ratio is 65.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus assumed coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price objective (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, UBS Group boosted their target price on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is owned by company insiders.

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.

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