Mackenzie Financial Corp Buys 14,948 Shares of Rollins, Inc. (NYSE:ROL)

Mackenzie Financial Corp increased its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 174.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,499 shares of the business services provider's stock after purchasing an additional 14,948 shares during the quarter. Mackenzie Financial Corp's holdings in Rollins were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROL. Barclays PLC lifted its position in Rollins by 34.8% during the third quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock valued at $36,491,000 after purchasing an additional 186,452 shares during the period. Blue Trust Inc. lifted its holdings in shares of Rollins by 22.6% during the 4th quarter. Blue Trust Inc. now owns 8,007 shares of the business services provider's stock valued at $405,000 after buying an additional 1,475 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Rollins by 18.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,908 shares of the business services provider's stock valued at $1,154,000 after buying an additional 3,927 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Rollins during the 4th quarter valued at $796,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Rollins by 45.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 287,536 shares of the business services provider's stock valued at $13,327,000 after buying an additional 89,899 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

ROL traded down $0.27 on Tuesday, hitting $58.31. 1,081,623 shares of the company's stock traded hands, compared to its average volume of 1,999,178. The company's 50 day simple moving average is $55.48 and its 200-day simple moving average is $51.59. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 60.78 and a beta of 0.79. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be issued a $0.165 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.13%. Rollins's dividend payout ratio (DPR) is 66.67%.

Insider Transactions at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman now directly owns 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,763 shares of company stock valued at $2,580,331. 4.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada raised their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Barclays increased their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Morgan Stanley increased their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a report on Monday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.75.

About Rollins

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.