LPL Financial LLC Sells 15,365 Shares of Rentokil Initial PLC $RTO

Key Points

• LPL Financial LLC has decreased its position in Rentokil Initial PLC by 16.5%, reducing its holdings to 77,514 shares worth approximately $1,775,000.
• Rentokil Initial recently announced a semi-annual dividend of $0.2738, resulting in a yield of 240.0% and a payout ratio of 29.80%.
• Analysts have mixed opinions on Rentokil Initial, with the average rating being a "Moderate Buy" and some downgrading it to "underperform."

LPL Financial LLC lessened its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,514 shares of the company's stock after selling 15,365 shares during the period. LPL Financial LLC's holdings in Rentokil Initial were worth $1,775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RTO. Gates Capital Management Inc. grew its position in shares of Rentokil Initial by 21.0% during the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after purchasing an additional 1,084,845 shares in the last quarter. Snyder Capital Management L P acquired a new position in shares of Rentokil Initial during the 4th quarter worth approximately $24,297,000. Northern Trust Corp grew its position in shares of Rentokil Initial by 94.8% during the 4th quarter. Northern Trust Corp now owns 462,657 shares of the company's stock worth $11,714,000 after purchasing an additional 225,214 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Rentokil Initial during the 4th quarter worth approximately $5,697,000. Finally, Two Sigma Investments LP grew its position in shares of Rentokil Initial by 1,492.9% during the 4th quarter. Two Sigma Investments LP now owns 232,020 shares of the company's stock worth $5,875,000 after purchasing an additional 217,454 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on RTO shares. Sanford C. Bernstein lowered shares of 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Rentokil Initial presently has a consensus rating of "Moderate Buy".

Rentokil Initial Price Performance

NYSE:RTO traded up $0.12 on Tuesday, hitting $24.02. The company had a trading volume of 729,806 shares, compared to its average volume of 873,992. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 4.16 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. The firm has a 50 day moving average of $24.02 and a two-hundred day moving average of $23.63. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week high of $32.52.

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 $0.2738 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 240.0%. Rentokil Initial's dividend payout ratio is presently 29.14%.

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.