Raymond James Financial Inc. Has $9.12 Million Holdings in Rentokil Initial PLC $RTO

Key Points

• Raymond James Financial Inc. decreased its holdings in Rentokil Initial PLC by 11.9%, selling 53,654 shares, and now holds 398,024 shares valued at approximately $9.11 million.
• Rentokil Initial recently declared a semi-annual dividend of $0.2738, with a yield of 240.0% and a dividend payout ratio of 29.80%.
• Analyst ratings for Rentokil Initial stock vary, with one "Strong Buy," one "Buy," one "Hold," and one "Sell," leading to an average rating of "Moderate Buy."

Raymond James Financial Inc. reduced its position in Rentokil Initial PLC (NYSE:RTO - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 398,024 shares of the company's stock after selling 53,654 shares during the period. Raymond James Financial Inc. owned about 0.08% of Rentokil Initial worth $9,115,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wealthquest Corp bought a new stake in shares of Rentokil Initial during the 1st quarter worth about $66,000. Versant Capital Management Inc bought a new stake in shares of Rentokil Initial during the 1st quarter worth about $143,000. GAMMA Investing LLC boosted 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 worth $211,000 after acquiring an additional 8,366 shares in the last quarter. Tranquilli Financial Advisor LLC bought a new stake in shares of Rentokil Initial during the 1st quarter worth about $218,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Rentokil Initial during the 4th quarter worth about $246,000. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of RTO stock traded up $0.58 during mid-day trading on Thursday, reaching $25.04. The stock had a trading volume of 418,481 shares, compared to its average volume of 809,236. The firm's 50 day simple moving average is $24.14 and its 200 day simple moving average is $23.58. 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 PLC has a one year low of $19.60 and a one year high of $31.74. The firm has a market cap of $12.65 billion, a PE ratio of 16.58, a P/E/G ratio of 4.30 and a beta of 0.94.

Rentokil Initial Cuts Dividend

The business 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 of this dividend is Friday, August 15th. This represents a dividend yield of 240.0%. Rentokil Initial's dividend payout ratio is presently 29.80%.

Analyst Upgrades and Downgrades

RTO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rentokil Initial presently has a consensus rating of "Moderate Buy".

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.