Banque Pictet & Cie SA Sells 71,020 Shares of Rollins, Inc. (NYSE:ROL)

Banque Pictet & Cie SA cut its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,188,830 shares of the business services provider's stock after selling 71,020 shares during the quarter. Rollins comprises approximately 0.5% of Banque Pictet & Cie SA's portfolio, making the stock its 27th biggest position. Banque Pictet & Cie SA owned approximately 0.25% of Rollins worth $64,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after acquiring an additional 1,282,508 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after acquiring an additional 617,876 shares in the last quarter. Norges Bank bought a new position in shares of Rollins during the fourth quarter valued at $176,784,000. Northern Trust Corp increased its holdings in shares of Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after acquiring an additional 322,610 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after acquiring an additional 2,203,859 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Shares of ROL stock traded down $0.40 during trading hours on Friday, reaching $55.22. 1,427,732 shares of the company traded hands, compared to its average volume of 1,762,290. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The company has a market cap of $26.76 billion, a P/E ratio of 55.78 and a beta of 0.75. The firm has a 50-day moving average price of $56.66 and a 200 day moving average price of $53.09.

Rollins (NYSE:ROL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.20%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction that occurred 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 owned 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ROL shares. Wells Fargo & Company reaffirmed an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Royal Bank Of Canada increased their price objective on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. UBS Group raised their target price on Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Wednesday. Canaccord Genuity Group raised their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Finally, Barclays raised their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.50.

Rollins 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.