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

Banque Pictet & Cie SA lowered its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the 3rd quarter, according to its most recent 13F filing 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 makes up 0.4% of Banque Pictet & Cie SA’s holdings, making the stock its 29th largest position. Banque Pictet & Cie SA’s holdings in Rollins were worth $66,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ROL. Thrive Wealth Management LLC grew its stake in shares of Rollins by 2.7% in the third quarter. Thrive Wealth Management LLC now owns 6,473 shares of the business services provider’s stock worth $380,000 after purchasing an additional 172 shares in the last quarter. Red Spruce Capital LLC lifted its holdings in Rollins by 1.2% in the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock worth $896,000 after purchasing an additional 182 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its position in Rollins by 9.2% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock valued at $147,000 after buying an additional 220 shares in the last quarter. Wealth Alliance LLC increased its stake in Rollins by 2.1% during the 2nd quarter. Wealth Alliance LLC now owns 10,687 shares of the business services provider’s stock valued at $603,000 after buying an additional 223 shares during the period. Finally, Ballentine Partners LLC increased its stake in Rollins by 2.8% during the 2nd quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider’s stock valued at $465,000 after buying an additional 225 shares during the period. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating and set a $64.00 target price on shares of Rollins in a report on Thursday, October 30th. Jefferies Financial Group set a $66.00 price target on Rollins and gave the company a “buy” rating in a research note on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Finally, Barclays upgraded Rollins from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $72.00 in a report on Friday, December 5th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.92.

Rollins Trading Down 0.7%

Rollins stock opened at $60.00 on Friday. The firm has a market cap of $29.08 billion, a price-to-earnings ratio of 56.07 and a beta of 0.79. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $61.84. The firm’s 50 day moving average price is $59.45 and its two-hundred day moving average price is $57.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77.

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

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a $0.1825 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date 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%.

Insiders Place Their Bets

In related news, insider Thomas D. Tesh sold 2,396 shares of Rollins stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $59.73, for a total value of $143,113.08. Following the transaction, the insider owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. This trade represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.47% of the company’s stock.

About Rollins

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.