Banque Pictet & Cie SA Sells 80,950 Shares of Rollins, Inc. (NYSE:ROL)

Banque Pictet & Cie SA trimmed its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,259,850 shares of the business services provider's stock after selling 80,950 shares during the quarter. Banque Pictet & Cie SA owned 0.26% of Rollins worth $58,394,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ROL. Montrusco Bolton Investments Inc. increased its position in shares of Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock valued at $465,503,000 after acquiring an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC boosted its stake in Rollins by 2.2% during 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 purchasing an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after purchasing an additional 420,399 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Rollins by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider's stock worth $109,655,000 after purchasing an additional 31,458 shares during the last quarter. Finally, Eventide Asset Management LLC lifted its holdings in shares of Rollins by 2.0% during the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider's stock valued at $88,004,000 after purchasing an additional 34,746 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

NYSE ROL traded down $0.78 during trading hours on Tuesday, hitting $49.96. 1,831,529 shares of the company's stock traded hands, compared to its average volume of 1,767,807. Rollins, Inc. has a 52 week low of $40.76 and a 52 week high of $52.83. The firm has a market capitalization of $24.19 billion, a P/E ratio of 52.04 and a beta of 0.76. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The business's fifty day moving average price is $48.13 and its two-hundred day moving average price is $49.04.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Equities research analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins's dividend payout ratio is presently 68.75%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ROL shares. Barclays began coverage on Rollins in a research report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 target price for the company. Canaccord Genuity Group boosted their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday. Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, UBS Group increased their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.00.

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.