Pictet Asset Management Ltd. Acquires 88,900 Shares of Rollins, Inc. (ROL)

Pictet Asset Management Ltd. raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 929,400 shares of the business services provider’s stock after buying an additional 88,900 shares during the period. Pictet Asset Management Ltd. owned about 0.43% of Rollins worth $40,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. TrimTabs Asset Management LLC raised its stake in shares of Rollins by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,669 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,728 shares during the period. First Quadrant L P CA raised its stake in shares of Rollins by 909.7% in the second quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock valued at $157,000 after buying an additional 3,475 shares during the period. Neuburgh Advisers LLC raised its stake in shares of Rollins by 67.1% in the first quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,696 shares during the period. Sei Investments Co. raised its stake in shares of Rollins by 1,223.2% in the second quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock valued at $184,000 after buying an additional 4,159 shares during the period. Finally, Huntington National Bank raised its stake in shares of Rollins by 133.7% in the second quarter. Huntington National Bank now owns 5,471 shares of the business services provider’s stock valued at $223,000 after buying an additional 3,130 shares during the period. Institutional investors own 37.86% of the company’s stock.

Rollins, Inc. (NYSE ROL) traded down 0.77% during trading on Friday, hitting $43.65. 448,235 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $42.42 and its 200 day moving average price is $39.64. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 52.40 and a beta of 0.29. Rollins, Inc. has a 12-month low of $27.95 and a 12-month high of $44.64.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The firm had revenue of $433.56 million for the quarter, compared to analysts’ expectations of $436.81 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Rollins, Inc. will post $0.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.46 dividend on an annualized basis and a yield of 1.05%. Rollins’s dividend payout ratio is currently 55.42%.

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Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Saturday, July 29th. Instinet boosted their target price on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Nomura restated a “buy” rating and set a $40.00 target price on shares of Rollins in a research report on Thursday, April 27th.

Rollins Company Profile

Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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