Banque Pictet & Cie SA Decreases Stake in Rollins, Inc. $ROL

Banque Pictet & Cie SA cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,132,640 shares of the business services provider’s stock after selling 17,820 shares during the period. Rollins comprises about 0.4% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 29th biggest holding. Banque Pictet & Cie SA owned approximately 0.23% of Rollins worth $66,531,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ROL. Caitong International Asset Management Co. Ltd acquired a new stake in Rollins during the 2nd quarter valued at approximately $30,000. TD Waterhouse Canada Inc. boosted its stake in shares of Rollins by 58.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Rollins during the second quarter worth approximately $42,000. Geneos Wealth Management Inc. increased its stake in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Rollins in the second quarter valued at $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Down 0.7%

NYSE:ROL opened at $60.00 on Friday. The firm has a market capitalization of $29.08 billion, a PE ratio of 56.07 and a beta of 0.79. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $61.84. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $59.45 and a 200-day moving average of $57.74.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were issued a $0.1825 dividend. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio is 68.22%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROL. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Monday. JPMorgan Chase & Co. initiated coverage on Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group set a $55.00 price objective on Rollins and gave the stock a “hold” rating in a research note on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.92.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 2,396 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $59.73, for a total transaction of $143,113.08. Following the completion of the transaction, the insider directly owned 31,627 shares of the company’s stock, valued at $1,889,080.71. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.47% of the stock is currently owned by corporate insiders.

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.