Rollins, Inc. $ROL Shares Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,380 shares of the business services provider’s stock after purchasing an additional 3,650 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Rollins were worth $3,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Rollins during the first quarter worth about $27,000. GW&K Investment Management LLC grew its position in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 548 shares during the last quarter. CVA Family Office LLC grew its position in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 340 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares during the last quarter. Finally, National Pension Service grew its position in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 462 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm’s stock in a transaction on 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 transaction, the chairman owned 632,727 shares of the company’s stock, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $56.46 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 55.90 and a beta of 0.69. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company’s 50 day simple moving average is $57.01 and its 200 day simple moving average is $55.93.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. Rollins’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, sell-side analysts predict 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 Wednesday, September 10th. Shareholders of record on Monday, August 11th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins’s dividend payout ratio (DPR) is currently 65.35%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ROL shares. Argus started coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price target on the stock. Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and upped their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, UBS Group upped their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.40.

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.