Advisors Preferred LLC Sells 6,031 Shares of Rollins, Inc. $ROL

Advisors Preferred LLC lowered its stake in Rollins, Inc. (NYSE:ROL) by 46.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,933 shares of the business services provider’s stock after selling 6,031 shares during the quarter. Advisors Preferred LLC’s holdings in Rollins were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Security Financial Services INC. grew its position in Rollins by 3.2% in the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 178 shares during the period. Red Spruce Capital LLC grew its position in Rollins by 1.2% in the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 182 shares during the period. Pittenger & Anderson Inc. raised its holdings in shares of Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after acquiring an additional 214 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of Rollins by 9.2% in the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock worth $147,000 after acquiring an additional 220 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 1.5%

Shares of Rollins stock opened at $58.50 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $28.35 billion, a PE ratio of 54.67 and a beta of 0.69. The company has a 50-day simple moving average of $56.79 and a two-hundred day simple moving average of $56.77. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. On average, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $0.1825 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.73 annualized dividend and a yield of 1.2%. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s payout ratio is currently 68.22%.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Rollins in a report on Thursday. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. UBS Group lifted their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $62.82.

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.