Rollins, Inc. $ROL Stock: Pictet Asset Management Holding SA Increases Position

Pictet Asset Management Holding SA lifted its holdings in Rollins, Inc. (NYSE:ROL) by 10.7% in the third quarter, HoldingsChannel.com reports. The fund owned 3,849,086 shares of the business services provider’s stock after buying an additional 371,356 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Rollins were worth $115,974,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROL. BlackRock Inc. purchased a new stake in shares of Rollins during the second quarter worth about $1,204,334,000. State Street Corp raised its stake in Rollins by 3.7% during the 2nd quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock valued at $566,046,000 after purchasing an additional 488,046 shares during the period. AMF Tjanstepension AB lifted its holdings in Rollins by 2.4% in the 1st quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider’s stock worth $195,974,000 after purchasing an additional 87,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Rollins by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,858,888 shares of the business services provider’s stock worth $152,686,000 after purchasing an additional 94,116 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Rollins by 1.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,020,508 shares of the business services provider’s stock worth $84,336,000 after purchasing an additional 26,807 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $37.96 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $18.15 billion, a P/E ratio of 34.83, a P/E/G ratio of 4.30 and a beta of 0.73. Rollins, Inc. has a 12 month low of $29.28 and a 12 month high of $66.14. The business’s 50-day moving average is $33.63 and its 200 day moving average is $46.37.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. On average, equities research analysts forecast that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.20 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Rollins’s payout ratio is currently 66.97%.

Analyst Ratings Changes

Several research analysts have weighed in on ROL shares. Wells Fargo & Company dropped their price target on Rollins from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, October 23rd. Sanford C. Bernstein reduced their price objective on shares of Rollins from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $52.00 to $40.00 in a report on Thursday, July 23rd. BNP Paribas Exane cut their target price on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Finally, Piper Sandler downgraded shares of Rollins from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $33.00 in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Rollins presently has a consensus rating of “Hold” and an average price target of $39.25.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.