Rentokil Initial PLC $RTO Shares Sold by LPL Financial LLC

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 cut its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 16.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. MML Investors Services LLC grew its position in shares of Rentokil Initial by 0.8% during the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock valued at $2,296,000 after acquiring an additional 704 shares during the period. Whittier Trust Co. grew its position in shares of Rentokil Initial by 8.0% during the 1st quarter. Whittier Trust Co. now owns 13,043 shares of the company's stock valued at $299,000 after acquiring an additional 967 shares during the period. Russell Investments Group Ltd. grew its position 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 acquiring an additional 1,281 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Rentokil Initial by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company's stock valued at $485,000 after acquiring an additional 1,523 shares during the period. Finally, Keystone Financial Services boosted its holdings in Rentokil Initial by 22.0% in the 1st quarter. Keystone Financial Services now owns 11,392 shares of the company's stock worth $261,000 after buying an additional 2,057 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Price Performance

RTO traded up $0.1730 during trading on Friday, reaching $24.3430. The company's stock had a trading volume of 510,722 shares, compared to its average volume of 906,317. 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 firm has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $23.64. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $34.07. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 4.25 and a beta of 0.92.

Rentokil Initial Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, August 15th will be paid a $0.2738 dividend. This represents a yield of 240.0%. The ex-dividend date of this dividend is Friday, August 15th. Rentokil Initial's dividend payout ratio (DPR) is 29.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RTO shares. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

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.