Arlington Partners LLC Takes $1.64 Million Position in Rentokil Initial PLC $RTO

Key Points

• Arlington Partners LLC acquired a new stake in Rentokil Initial PLC, purchasing 68,275 shares valued at approximately $1,639,000 in the second quarter.
• Several institutional investors have significantly increased their holdings in Rentokil Initial, with one group boosting its stake by 416.9% during the same period.
• Deutsche Bank maintained a "buy" rating on Rentokil Initial shares, which currently have a consensus rating of "Moderate Buy."

Arlington Partners LLC acquired a new stake in Rentokil Initial PLC (NYSE:RTO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 68,275 shares of the company's stock, valued at approximately $1,639,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Rentokil Initial by 416.9% during the second quarter. Parallel Advisors LLC now owns 1,132 shares of the company's stock worth $27,000 after acquiring an additional 913 shares in the last quarter. Brooklyn Investment Group boosted its stake in Rentokil Initial by 668.3% during the first quarter. Brooklyn Investment Group now owns 1,598 shares of the company's stock worth $37,000 after acquiring an additional 1,390 shares in the last quarter. State of Wyoming bought a new position in Rentokil Initial during the first quarter worth $46,000. Cape Investment Advisory Inc. boosted its stake in Rentokil Initial by 67.4% during the first quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company's stock worth $58,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Wealthquest Corp bought a new position in Rentokil Initial during the first quarter worth $66,000. 9.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Down 0.4%

Shares of RTO stock traded down $0.09 on Monday, hitting $24.31. The stock had a trading volume of 454,551 shares, compared to its average volume of 730,876. The business has a 50 day moving average of $24.51 and a 200 day moving average of $23.54. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 4.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.81 and a quick ratio of 0.72. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $27.37.

Rentokil Initial Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, August 15th will be issued a $0.2738 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 240.0%. Rentokil Initial's dividend payout ratio is currently 21.85%.

Rentokil Initial Profile

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.