Koss Olinger Consulting LLC Raises Holdings in Rentokil Initial PLC (NYSE:RTO)

Key Points

• Koss Olinger Consulting LLC increased its stake in Rentokil Initial PLC by 235.9%, acquiring an additional 55,896 shares, bringing its total holdings to 79,589 shares worth approximately $1.82 million.
• The company's stock price increased by 0.7%, with a 12-month trading range between $19.60 and $34.07, as investors track recent shifts in institutional ownership.
• Rentokil Initial announced a semi-annual dividend of $0.2738 per share, with a payout ratio of 45.70%, effective September 23rd for investors on record by August 15th.

Koss Olinger Consulting LLC raised its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 235.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,589 shares of the company's stock after acquiring an additional 55,896 shares during the quarter. Koss Olinger Consulting LLC's holdings in Rentokil Initial were worth $1,823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in RTO. MML Investors Services LLC boosted its position in shares of Rentokil Initial by 0.8% in the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock valued at $2,296,000 after purchasing an additional 704 shares during the period. Whittier Trust Co. boosted its position in shares of Rentokil Initial by 8.0% in the 1st quarter. Whittier Trust Co. now owns 13,043 shares of the company's stock valued at $299,000 after purchasing an additional 967 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Rentokil Initial by 63.9% in the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock valued at $83,000 after purchasing an additional 1,281 shares during the period. Exencial Wealth Advisors LLC boosted its position in shares of Rentokil Initial by 3.3% in the 1st quarter. Exencial Wealth Advisors LLC now owns 44,985 shares of the company's stock valued at $1,030,000 after purchasing an additional 1,453 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Rentokil Initial by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company's stock valued at $485,000 after purchasing an additional 1,523 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st.

Rentokil Initial Stock Performance

RTO traded down $0.08 on Tuesday, hitting $25.05. 1,223,900 shares of the company traded hands, compared to its average volume of 804,814. The company has a 50 day moving average of $23.85 and a 200-day moving average of $23.64. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $12.66 billion, a PE ratio of 16.59, a PEG ratio of 4.34 and a beta of 0.92. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $34.07.

Rentokil Initial Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.2738 per share. This represents a dividend yield of 240.0%. The ex-dividend date of this dividend is Friday, August 15th. Rentokil Initial's dividend payout ratio is 45.70%.

Rentokil Initial Company 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.