Wells Fargo & Company MN boosted its stake in shares of Rollins Inc. (NYSE:ROL) by 445.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 549,398 shares of the company’s stock after buying an additional 448,613 shares during the period. Wells Fargo & Company MN owned 0.25% of Rollins worth $16,086,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Rollins by 2,560.9% in the first quarter. JPMorgan Chase & Co. now owns 33,235 shares of the company’s stock valued at $901,000 after buying an additional 31,986 shares during the period. Geode Capital Management LLC raised its stake in Rollins by 1.5% in the first quarter. Geode Capital Management LLC now owns 573,847 shares of the company’s stock valued at $15,562,000 after buying an additional 8,415 shares during the period. HBK Investments L P purchased a new stake in Rollins during the first quarter valued at approximately $255,000. Squarepoint Ops LLC purchased a new stake in Rollins during the first quarter valued at approximately $926,000. Finally, Avalon Advisors LLC purchased a new stake in Rollins during the first quarter valued at approximately $1,255,000. Hedge funds and other institutional investors own 35.56% of the company’s stock.
Rollins Inc. (NYSE:ROL) traded up 0.80% on Friday, hitting $32.58. 104,796 shares of the stock were exchanged. Rollins Inc. has a 12 month low of $23.69 and a 12 month high of $32.67. The company has a 50-day moving average of $30.08 and a 200-day moving average of $28.86. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 44.15 and a beta of 0.18.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $424 million for the quarter, compared to analyst estimates of $421.17 million. Rollins had a net margin of 10.39% and a return on equity of 29.32%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, equities analysts predict that Rollins Inc. will post $0.76 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.34%. The ex-dividend date is Tuesday, November 8th. Rollins’s payout ratio is 53.33%.
Several equities research analysts have commented on ROL shares. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Saturday, July 30th. Nomura increased their price objective on shares of Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th.