Mackenzie Financial Corp Boosts Stake in Rollins, Inc. $ROL

Mackenzie Financial Corp grew its holdings in Rollins, Inc. (NYSE:ROL) by 62.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,548,877 shares of the business services provider’s stock after purchasing an additional 594,735 shares during the period. Mackenzie Financial Corp’s holdings in Rollins were worth $90,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of Rollins during the 3rd quarter worth about $31,000. TD Waterhouse Canada Inc. raised its holdings in Rollins by 58.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Rollins in the second quarter valued at about $42,000. TruNorth Capital Management LLC acquired a new position in Rollins in the third quarter valued at about $45,000. Finally, First Horizon Corp purchased a new position in Rollins during the third quarter worth about $47,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Down 0.4%

Shares of NYSE:ROL opened at $56.08 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.60 and a quick ratio of 0.55. The firm has a market capitalization of $26.98 billion, a PE ratio of 51.45, a price-to-earnings-growth ratio of 3.47 and a beta of 0.80. The firm’s 50-day moving average is $61.13 and its two-hundred day moving average is $59.22. Rollins, Inc. has a 1 year low of $49.73 and a 1 year high of $66.14.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $912.91 million during the quarter, compared to analysts’ expectations of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.1825 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. Rollins’s dividend payout ratio is 66.97%.

Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 2,396 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $60.06, for a total value of $143,903.76. Following the sale, the insider directly owned 29,231 shares in the company, valued at approximately $1,755,613.86. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 14,201 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total value of $842,971.36. Following the completion of the sale, the insider owned 55,977 shares in the company, valued at approximately $3,322,794.72. The trade was a 20.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,351 shares of company stock worth $4,554,785 over the last three months. 4.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent analyst reports. UBS Group set a $65.00 price target on shares of Rollins in a research report on Wednesday, January 21st. Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Royal Bank Of Canada set a $67.00 target price on shares of Rollins and gave the company an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Finally, Bank of America assumed coverage on Rollins in a research note on Tuesday, February 17th. They set a “buy” rating and a $67.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.08.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.