Mackenzie Financial Corp Sells 21,463 Shares of Rollins, Inc. (NYSE:ROL)

Mackenzie Financial Corp trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 67.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,357 shares of the business services provider’s stock after selling 21,463 shares during the period. Mackenzie Financial Corp’s holdings in Rollins were worth $505,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. QRG Capital Management Inc. boosted its stake in Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares in the last quarter. Czech National Bank grew its stake in shares of Rollins by 0.5% in the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after buying an additional 226 shares during the period. Quent Capital LLC grew its stake in shares of Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares during the period. Federated Hermes Inc. increased its position in Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Rollins by 18.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares in the company, valued at $4,274,129.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,056 shares of company stock worth $698,347. 4.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company started coverage on Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective for the company. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Rollins Trading Up 0.2 %

NYSE:ROL opened at $49.82 on Friday. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $51.96. The firm has a 50-day moving average price of $49.52 and a two-hundred day moving average price of $47.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $24.13 billion, a price-to-earnings ratio of 55.98 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. Rollins’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. On average, equities analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is currently 67.42%.

Rollins 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.