Rollins, Inc. (NYSE:ROL) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,399 shares of the business services provider's stock after selling 11,149 shares during the period. Pictet Asset Management Holding SA owned approximately 0.05% of Rollins worth $11,467,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider's stock valued at $366,821,000 after buying an additional 157,619 shares during the last quarter. Norges Bank purchased a new position in Rollins in the fourth quarter valued at about $176,784,000. JPMorgan Chase & Co. grew its stake in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after purchasing an additional 420,399 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Rollins by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider's stock valued at $104,347,000 after purchasing an additional 83,326 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Rollins by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider's stock worth $103,471,000 after purchasing an additional 164,720 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

ROL traded down $1.29 on Monday, hitting $50.92. 4,297,346 shares of the company's stock were exchanged, compared to its average volume of 1,690,830. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $51.49 and a two-hundred day moving average of $49.70. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $56.26. The firm has a market cap of $24.70 billion, a PE ratio of 53.04 and a beta of 0.80.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is 68.75%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. UBS Group increased their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Barclays lifted their price target on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.83.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the transaction, the insider now directly owns 41,173 shares of the company's stock, valued at $2,131,937.94. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,338 shares of company stock worth $945,882. 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.