Rollins, Inc. $ROL Stock: Pictet Asset Management Holding SA Raises Position

Key Points

• Pictet Asset Management increased its Rollins position by 10.7% in the third quarter, adding 371,356 shares to hold about 3.85 million shares, worth roughly $116 million. Institutional investors collectively own 51.79% of the company.
• Analyst sentiment is broadly cautious: Rollins has a consensus “Hold” rating and a $39.25 average price target, with several firms cutting ratings or targets.
• Rollins matched quarterly EPS estimates at $0.34, while revenue rose 6.2% year over year to $1.09 billion, below consensus. The company raised its quarterly dividend from $0.1825 to $0.20 per share.

Pictet Asset Management Holding SA lifted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,849,086 shares of the business services provider's stock after purchasing an additional 371,356 shares during the quarter. Pictet Asset Management Holding SA owned 0.81% of Rollins worth $115,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROL. WINTON GROUP Ltd purchased a new stake in Rollins during the second quarter valued at $3,619,000. Amundi boosted its position in Rollins by 71.4% in the second quarter. Amundi now owns 1,851,904 shares of the business services provider's stock worth $77,300,000 after purchasing an additional 771,578 shares during the last quarter. Dudley & Shanley Inc. boosted its position in Rollins by 8.8% in the second quarter. Dudley & Shanley Inc. now owns 495,655 shares of the business services provider's stock worth $20,689,000 after purchasing an additional 39,925 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Rollins by 16.8% in the first quarter. Public Employees Retirement System of Ohio now owns 216,278 shares of the business services provider's stock worth $11,551,000 after purchasing an additional 31,173 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of Rollins during the 2nd quarter valued at about $61,792,000. 51.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America lowered shares of Rollins from a "buy" rating to a "neutral" rating and reduced their price target for the company from $55.00 to $35.00 in a research report on Thursday, July 23rd. Sanford C. Bernstein dropped their price objective on shares of Rollins from $42.00 to $35.00 and set a "market perform" rating on the stock in a report on Monday, October 19th. Zacks Research lowered shares of Rollins from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. The Goldman Sachs Group set a $42.00 target price on shares of Rollins in a report on Thursday, October 22nd. Finally, Piper Sandler cut shares of Rollins from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $46.00 to $33.00 in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.25.

Rollins Stock Performance

Shares of ROL opened at $37.96 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $33.63 and a two-hundred day simple moving average of $46.37. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 4.30 and a beta of 0.73. Rollins, Inc. has a 52 week low of $29.28 and a 52 week high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.35 earnings per share. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 1.14 EPS for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a $0.20 dividend. The ex-dividend date is Tuesday, November 10th. This is an increase from Rollins's previous quarterly dividend of $0.1825. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Rollins's dividend payout ratio (DPR) is currently 66.97%.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.

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