Pictet Asset Management Holding SA Increases Position in Rollins, Inc. $ROL

Pictet Asset Management Holding SA lifted its position in Rollins, Inc. (NYSE:ROL) by 194.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,009,303 shares of the business services provider’s stock after acquiring an additional 666,626 shares during the period. Pictet Asset Management Holding SA’s holdings in Rollins were worth $60,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Fifth Third Bancorp lifted its position in Rollins by 1.2% during the 3rd quarter. Fifth Third Bancorp now owns 18,874 shares of the business services provider’s stock worth $1,109,000 after acquiring an additional 222 shares during the period. World Investment Advisors grew its stake in Rollins by 5.1% during the 3rd quarter. World Investment Advisors now owns 4,705 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 229 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Rollins by 4.7% in the third quarter. Inspire Investing LLC now owns 5,254 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 234 shares during the period. Keel Point LLC raised its stake in shares of Rollins by 5.4% in the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock worth $262,000 after purchasing an additional 238 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Rollins by 3.4% in the third quarter. Brown Brothers Harriman & Co. now owns 7,242 shares of the business services provider’s stock worth $425,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ROL. The Goldman Sachs Group reiterated a “buy” rating and issued a $67.00 target price on shares of Rollins in a research report on Thursday, April 23rd. Rothschild & Co Redburn set a $66.00 price objective on shares of Rollins and gave the company a “buy” rating in a research note on Monday. Bank of America initiated coverage on shares of Rollins in a report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective on the stock. Canaccord Genuity Group set a $51.00 price objective on shares of Rollins and gave the stock a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company set a $56.00 target price on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.27.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 14,201 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total transaction of $842,971.36. Following the sale, the insider directly owned 55,977 shares of the company’s stock, valued at approximately $3,322,794.72. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.77% of the company’s stock.

Rollins Stock Down 0.5%

Shares of ROL opened at $55.71 on Wednesday. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 3.45 and a beta of 0.84. Rollins, Inc. has a 52 week low of $52.32 and a 52 week high of $66.14. The stock’s 50-day moving average price is $56.01 and its 200-day moving average price is $58.64. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. During the same period last year, the business earned $0.22 earnings per share. Rollins’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 11th. Rollins’s payout ratio is currently 66.97%.

About Rollins

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.