Rollins, Inc. $ROL Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its holdings in Rollins, Inc. by 3.2% during the second quarter, selling 38,370 shares, while still retaining approximately 1,150,460 shares.
• Wall Street analysts maintain a Moderate Buy sentiment for Rollins, with an average target price of $61.40, supported by several recent rating updates.
• Rollins recently announced a quarterly dividend of $0.165, translating to an annualized yield of 1.2% and a dividend payout ratio of 65.35%.

Banque Pictet & Cie SA lowered its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,150,460 shares of the business services provider's stock after selling 38,370 shares during the quarter. Rollins makes up approximately 0.5% of Banque Pictet & Cie SA's holdings, making the stock its 28th biggest holding. Banque Pictet & Cie SA owned approximately 0.24% of Rollins worth $64,909,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after acquiring an additional 2,254 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Rollins in the 1st quarter valued at $225,000. Oppenheimer & Co. Inc. acquired a new position in shares of Rollins in the 1st quarter valued at $464,000. Gallacher Capital Management LLC acquired a new position in shares of Rollins in the 2nd quarter valued at $256,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Rollins by 305.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after purchasing an additional 120,294 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research analyst reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. UBS Group lifted their target price on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays lifted their target price on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Argus began coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price on the stock. Finally, Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Stock Performance

Rollins stock opened at $56.46 on Friday. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.10. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 55.90 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The firm's fifty day moving average price is $57.01 and its 200 day moving average price is $55.93.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm's quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio is 65.35%.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.47% of the company's stock.

About Rollins

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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