Mackenzie Financial Corp Purchases 1,970 Shares of Rollins, Inc. (NYSE:ROL)

Mackenzie Financial Corp grew its position in Rollins, Inc. (NYSE:ROL) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,865 shares of the business services provider’s stock after purchasing an additional 1,970 shares during the quarter. Mackenzie Financial Corp’s holdings in Rollins were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Operose Advisors LLC bought a new position in shares of Rollins in the third quarter worth approximately $47,000. First Horizon Advisors Inc. boosted its position in shares of Rollins by 224.5% in the third quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock worth $60,000 after purchasing an additional 1,109 shares during the period. Blue Trust Inc. boosted its position in shares of Rollins by 65.9% in the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after purchasing an additional 577 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Rollins in the third quarter worth approximately $75,000. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Rollins by 43.8% in the third quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the business services provider’s stock worth $86,000 after buying an additional 700 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Price Performance

Rollins stock opened at $42.87 on Thursday. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 3.37 and a beta of 0.63. The firm’s fifty day moving average is $44.41 and its 200 day moving average is $42.04. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.45.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. Rollins had a net margin of 14.15% and a return on equity of 35.97%. Rollins’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Sell-side analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. Rollins’s dividend payout ratio (DPR) is 68.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, February 15th. UBS Group reissued a “neutral” rating and issued a $49.00 target price on shares of Rollins in a report on Monday, April 15th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group assumed coverage on shares of Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at $625,068.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Rollins news, insider Thomas D. Tesh sold 5,147 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $46.00, for a total transaction of $236,762.00. Following the transaction, the insider now owns 35,387 shares in the company, valued at $1,627,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The disclosure for this sale can be found here. Insiders have sold 22,824 shares of company stock worth $994,558 over the last quarter. Insiders own 4.69% of the company’s stock.

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.