Rollins, Inc. $ROL Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 188.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,908,818 shares of the business services provider’s stock after buying an additional 1,899,515 shares during the period. Pictet Asset Management Holding SA owned approximately 0.60% of Rollins worth $155,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROL. Vanguard Group Inc. increased its position in shares of Rollins by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock valued at $2,297,717,000 after acquiring an additional 1,562,241 shares during the last quarter. State Street Corp increased its holdings in Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after purchasing an additional 575,946 shares during the period. Geode Capital Management LLC boosted its stake in shares of Rollins by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 10,163,847 shares of the business services provider’s stock valued at $608,256,000 after buying an additional 626,866 shares during the period. Invesco Ltd. grew its position in shares of Rollins by 8.2% during the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after buying an additional 461,869 shares in the last quarter. Finally, Norges Bank purchased a new position in Rollins in the fourth quarter worth approximately $244,669,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROL has been the subject of several analyst reports. Wells Fargo & Company set a $46.00 price target on shares of Rollins and gave the stock an “equal weight” rating in a report on Thursday. Loop Capital initiated coverage on shares of Rollins in a research report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective for the company. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. UBS Group lifted their price target on Rollins from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein downgraded Rollins from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $70.00 to $52.00 in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.07.

Rollins Stock Down 0.1%

Shares of NYSE:ROL opened at $43.21 on Monday. Rollins, Inc. has a 1-year low of $42.61 and a 1-year high of $66.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market cap of $20.81 billion, a P/E ratio of 39.65, a P/E/G ratio of 2.66 and a beta of 0.73. The firm has a fifty day moving average price of $50.61 and a 200 day moving average price of $56.06.

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

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 annualized dividend and a yield of 1.7%. Rollins’s dividend payout ratio is currently 66.97%.

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.