Newbridge Financial Services Group Inc. Increases Holdings in Rollins, Inc. $ROL

Newbridge Financial Services Group Inc. lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 4,057.6% during the second quarter, HoldingsChannel reports. The firm owned 10,186 shares of the business services provider’s stock after purchasing an additional 9,941 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Rollins were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Cim LLC raised its position in Rollins by 1.8% in the second quarter. Cim LLC now owns 27,042 shares of the business services provider’s stock worth $1,526,000 after acquiring an additional 487 shares during the period. Nomura Holdings Inc. grew its position in shares of Rollins by 55.9% during the 2nd quarter. Nomura Holdings Inc. now owns 13,822 shares of the business services provider’s stock valued at $780,000 after acquiring an additional 4,956 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Rollins during the 2nd quarter worth approximately $42,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Rollins by 22.7% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 333,068 shares of the business services provider’s stock worth $18,818,000 after purchasing an additional 61,645 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of Rollins in the 2nd quarter worth approximately $47,000. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. initiated coverage on Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective on the stock. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 8th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.42.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 2,395 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $57.77, for a total value of $138,359.15. Following the sale, the insider directly owned 34,732 shares in the company, valued at $2,006,467.64. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.47% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $59.96 on Monday. The business’s fifty day moving average is $58.43 and its 200 day moving average is $57.46. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 56.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $61.84.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Rollins had a return on equity of 37.60% and a net margin of 14.02%.The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

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

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.