Mackenzie Financial Corp increased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3,564.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 861,047 shares of the business services provider's stock after acquiring an additional 837,548 shares during the quarter. Mackenzie Financial Corp owned approximately 0.18% of Rollins worth $46,522,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. City Holding Co. bought a new position in Rollins during the first quarter worth $27,000. GW&K Investment Management LLC boosted its stake in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after acquiring an additional 548 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Rollins during the fourth quarter worth $37,000. CVA Family Office LLC lifted its stake in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after buying an additional 340 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after buying an additional 411 shares in the last quarter. 51.79% of the stock is owned by institutional investors.
Insider Activity
In other news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company's stock, valued at $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,921 shares of company stock valued at $4,120,613 over the last 90 days. 4.47% of the stock is currently owned by insiders.
Rollins Price Performance
Shares of Rollins stock traded up $0.43 during trading on Friday, reaching $57.70. The company's stock had a trading volume of 1,919,634 shares, compared to its average volume of 1,604,967. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The company has a market capitalization of $27.96 billion, a P/E ratio of 57.13 and a beta of 0.75. The business has a 50 day moving average price of $56.65 and a 200-day moving average price of $54.10.
Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.
Rollins Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins's dividend payout ratio is currently 65.35%.
Analyst Ratings Changes
A number of research analysts have weighed in on ROL shares. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Royal Bank Of Canada lifted their target price on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. UBS Group boosted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays boosted their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $65.00 price objective (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Rollins presently has an average rating of "Moderate Buy" and an average target price of $61.40.
Read Our Latest Stock Report on ROL
About Rollins
(
Free Report)
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.
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