Hsbc Holdings PLC raised its stake in Rollins, Inc. (NYSE:ROL – Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 821,245 shares of the business services provider’s stock after purchasing an additional 103,190 shares during the period. Hsbc Holdings PLC’s holdings in Rollins were worth $43,843,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. DV Equities LLC bought a new position in shares of Rollins during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares during the period. Torren Management LLC bought a new stake in shares of Rollins in the fourth quarter valued at about $36,000. Fideuram Asset Management Ireland dac acquired a new stake in Rollins during the fourth quarter worth about $43,000. Finally, Quarry LP grew its position in Rollins by 155.2% during the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after buying an additional 450 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.
Rollins Stock Down 0.6%
Shares of NYSE ROL opened at $44.82 on Tuesday. The stock has a market cap of $21.58 billion, a PE ratio of 41.12, a PEG ratio of 2.77 and a beta of 0.75. The business has a fifty day moving average of $47.05 and a two-hundred day moving average of $54.23. Rollins, Inc. has a 52-week low of $41.50 and a 52-week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65.
Analysts Set New Price Targets
ROL has been the topic of a number of research reports. Wells Fargo & Company set a $46.00 price objective on Rollins and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the stock a “hold” rating in a research report on Friday, April 24th. UBS Group set a $50.00 target price on Rollins in a research report on Wednesday, July 15th. Sanford C. Bernstein downgraded shares of Rollins from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $70.00 to $52.00 in a research note on Friday, May 29th. Finally, Loop Capital began coverage on shares of Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.87.
Get Our Latest Research Report on ROL
Rollins News Summary
Here are the key news stories impacting Rollins this week:
- Positive Sentiment: Analysts expect Rollins’ second-quarter revenue and earnings to increase, supported by acquisitions, market expansion, cross-selling and pricing power. Rollins is Set to Report Q2 Earnings: Here’s What You Should Know
- Positive Sentiment: Another preview said investors should watch key operating metrics, signaling that results could show continued underlying business momentum. Rollins (ROL) Q2 Earnings on the Horizon: Analysts’ Insights on Key Performance Measures
- Neutral Sentiment: A market commentary piece said Rollins’ revenue beat and rising EPS estimates are favorable for shareholders, but it was more interpretive than a new catalyst. What Rollins (ROL)’s Revenue Beat and Rising EPS Estimates Mean For Shareholders
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.
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