Motley Fool Wealth Management LLC Purchases 16,288 Shares of Rentokil Initial PLC (NYSE:RTO)

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 raised its position in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 381,108 shares of the company's stock after purchasing an additional 16,288 shares during the quarter. Motley Fool Wealth Management LLC owned 0.08% of Rentokil Initial worth $8,727,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealthquest Corp bought a new stake in shares of Rentokil Initial during the 1st quarter valued at about $66,000. Russell Investments Group Ltd. grew its stake in shares of Rentokil Initial by 63.9% during 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. Versant Capital Management Inc bought a new stake in shares of Rentokil Initial during the 1st quarter valued at about $143,000. GAMMA Investing LLC grew its stake in shares of Rentokil Initial by 996.0% during the 1st quarter. GAMMA Investing LLC now owns 9,206 shares of the company's stock valued at $211,000 after purchasing an additional 8,366 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Rentokil Initial during the 4th quarter valued at about $246,000. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Rentokil Initial Trading Up 0.7%

Shares of NYSE:RTO opened at $25.25 on Monday. The stock has a 50 day moving average of $23.84 and a 200 day moving average of $23.64. The company has a market cap of $12.76 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.34 and a beta of 0.92. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $34.07.

Rentokil Initial Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, August 15th will be paid a dividend of $0.2738 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 240.0%. Rentokil Initial's payout ratio is 29.14%.

About Rentokil Initial

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.

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