Wells Fargo & Company MN Grows Holdings in Rollins, Inc. (ROL)

Remigio Civitarese
Ottobre 24, 2017

(NYSE:ROL) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,465 shares of the business services provider's stock after selling 6,264 shares during the quarter. Mutual of America Capital Management LLC raised its stake in Rollins by 5.2% in the third quarter. Vanguard Group Inc. raised its position in shares of Rollins by 2.9% during the second quarter. BlackRock Inc. raised its position in shares of Rollins by 14.7% during the second quarter. BlackRock Inc. now owns 8,686,772 shares of the business services provider's stock worth $353,638,000 after purchasing an additional 1,111,350 shares during the period. Huntington National Bank lifted its position in Rollins by 133.7% during the second quarter. Vanguard Group Inc. now owns 9,709,860 shares of the business services provider's stock worth $360,527,000 after purchasing an additional 647,641 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Rollins in the second quarter worth approximately $11,338,000. Emerald Acquisition Ltd. purchased a new stake in Rollins during the second quarter valued at about $1,693,000.

Rollins, Inc. has a 52-week low of $28.00 and a 52-week high of $48.29. (NYSE:ROL) by 3.5% during the third quarter, Holdings Channel reports. The stock has a market capitalization of $10.40 billion, a P/E ratio of 57.26 and a beta of 0.31.

Shares are trading at $47.70 which is a tad above $45.71, the stock's 50 day moving average and a great deal higher than the 200 day moving average of $42.49.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 26th. In the latest earnings report the EPS was $0.83 and is projected to be $0.85 for the current year with 217,991,000 shares now outstanding. Rollins had a net margin of 10.39% and a return on equity of 29.32%. The company had revenue of $424 million for the quarter, compared to analyst estimates of $421.17 million. During the same period in the prior year, the business earned $0.22 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter a year ago. On average, equities analysts predict that Rollins, Inc. will post $0.76 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Friday, December 9th. Zacks Investment Research upgraded Rollins from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Saturday, July 29th. BidaskClub upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research report on Tuesday, August 8th.

In related news, insider John F. Wilson sold 12,876 shares of the company's stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $44.60, for a total value of $574,269.60.

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The value of the company's investment in Rollins, Inc. went from $1,610,000 to $1,663,000 increasing 3.3% quarter over quarter. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America and Australia with global franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.

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