Bank Pictet & Cie Europe AG Has $3.07 Million Stake in Rollins, Inc. (NYSE:ROL)

Bank Pictet & Cie Europe AG decreased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 14.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 56,730 shares of the business services provider's stock after selling 9,320 shares during the period. Bank Pictet & Cie Europe AG's holdings in Rollins were worth $3,065,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in Rollins in the 1st quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Rollins in the 4th quarter worth approximately $29,000. Centricity Wealth Management LLC bought a new position in Rollins in the 4th quarter worth approximately $31,000. Mizuho Bank Ltd. bought a new position in Rollins in the 4th quarter worth approximately $37,000. Finally, CVA Family Office LLC increased its position in Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Performance

ROL opened at $56.81 on Monday. The stock has a market cap of $27.53 billion, a PE ratio of 59.18 and a beta of 0.77. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $58.65. The stock's 50 day simple moving average is $56.23 and its 200-day simple moving average is $52.02.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Rollins's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. Sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada lifted their price target on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Canaccord Genuity Group boosted their price objective on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $57.38.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman now owns 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the sale, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,842 shares of company stock valued at $2,480,861 in the last 90 days. 4.47% of the stock is owned by corporate insiders.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.

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