Rentokil Initial PLC (NYSE:RTO) Shares Purchased by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC increased its stake in Rentokil Initial PLC by 4.5%, acquiring an additional 16,288 shares, bringing its total ownership to 381,108 shares valued at approximately $8.7 million.
• Several institutional investors have also acquired significant stakes, with GAMMA Investing LLC increasing its position by 996% during the first quarter.
• Rentokil Initial recently announced a semi-annual dividend of $0.2738 per share, with a payout ratio of 29.14%, despite some analysts downgrading the stock's rating.

Motley Fool Wealth Management LLC boosted its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,108 shares of the company's stock after buying an additional 16,288 shares during the period. Motley Fool Wealth Management LLC owned approximately 0.08% of Rentokil Initial worth $8,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in RTO. LPL Financial LLC increased its holdings in shares of Rentokil Initial by 8.3% in the fourth quarter. LPL Financial LLC now owns 92,879 shares of the company's stock valued at $2,352,000 after purchasing an additional 7,155 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Rentokil Initial by 91.1% in the fourth quarter. JPMorgan Chase & Co. now owns 13,003 shares of the company's stock worth $329,000 after buying an additional 6,200 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Rentokil Initial by 63.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after buying an additional 1,281 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Rentokil Initial by 5.9% in the fourth quarter. Invesco Ltd. now owns 266,363 shares of the company's stock worth $6,744,000 after buying an additional 14,888 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Rentokil Initial by 109.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock worth $27,636,000 after buying an additional 570,330 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RTO. Sanford C. Bernstein downgraded Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a research report on Monday, July 21st.

Rentokil Initial Price Performance

Shares of NYSE RTO traded down $0.18 during midday trading on Friday, hitting $24.70. The stock had a trading volume of 295,229 shares, compared to its average volume of 800,588. The company has a market capitalization of $12.48 billion, a PE ratio of 16.35, a P/E/G ratio of 4.35 and a beta of 0.92. The stock has a 50 day simple moving average of $23.94 and a 200-day simple moving average of $23.67. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $34.07. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59.

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 given a $0.2738 dividend. This represents a dividend yield of 240.0%. The ex-dividend date is Friday, August 15th. Rentokil Initial's dividend payout ratio (DPR) 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.