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

Pictet Asset Management Holding SA increased its position in shares of Rollins, Inc. (NYSE:ROL) by 188.2% in the 1st quarter, HoldingsChannel reports. The firm owned 2,908,818 shares of the business services provider’s stock after purchasing an additional 1,899,515 shares during the period. Pictet Asset Management Holding SA’s holdings in Rollins were worth $155,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC lifted its holdings in shares of Rollins by 8.7% in the 4th quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after buying an additional 183 shares during the period. New Mexico Educational Retirement Board raised its position in Rollins by 1.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after acquiring an additional 200 shares in the last quarter. Inspire Investing LLC raised its position in Rollins by 3.9% in the fourth quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after acquiring an additional 203 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Rollins by 1.2% in the fourth quarter. Sumitomo Life Insurance Co. now owns 18,288 shares of the business services provider’s stock valued at $1,098,000 after acquiring an additional 221 shares during the period. Finally, Keel Point LLC lifted its holdings in Rollins by 5.4% in the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROL. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a report on Friday, April 24th. Loop Capital initiated coverage on Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Weiss Ratings downgraded Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Finally, Wells Fargo & Company set a $46.00 price target on Rollins and gave the stock an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.07.

Rollins Stock Performance

NYSE:ROL opened at $43.21 on Monday. 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 firm has a market cap of $20.81 billion, a PE ratio of 39.65, a P/E/G ratio of 2.66 and a beta of 0.73. The firm has a 50 day simple moving average of $50.61 and a 200-day simple moving average of $56.06. Rollins, Inc. has a 1-year low of $42.61 and a 1-year high of $66.14.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $906.42 million for the quarter, compared to analyst estimates of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. Rollins’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 earnings per share. On average, equities analysts expect that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared 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. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s dividend 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.