Rollins, Inc. (NYSE:ROL) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 about 0.26% of Rollins worth $58,394,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ROL. Brooklyn Investment Group acquired a new position in shares of Rollins during the 3rd quarter valued at $28,000. True Wealth Design LLC boosted its stake in Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc grew its holdings in Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares during the period. Capital Performance Advisors LLP acquired a new position in Rollins during the third quarter worth about $52,000. Finally, Intact Investment Management Inc. bought a new stake in Rollins in the third quarter worth about $71,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Up 3.8 %

Rollins stock opened at $51.99 on Friday. The company has a 50 day moving average price of $48.00 and a 200 day moving average price of $48.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.84. The firm has a market capitalization of $25.18 billion, a price-to-earnings ratio of 54.16 and a beta of 0.76.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. Rollins’s dividend payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROL. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity Group initiated coverage on shares of Rollins in a report on Tuesday, January 7th. They set a “hold” rating and a $48.00 target price for the company. Wells Fargo & Company upped their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their target price on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.50.

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.