Robertson Opportunity Capital LLC Has $4.66 Million Stake in Rentokil Initial PLC $RTO

Key Points

• Robertson Opportunity Capital LLC increased its stake in Rentokil Initial PLC by 25.4%, owning 203,545 shares valued at approximately $4.66 million.
• Several other large investors significantly modified their holdings in Rentokil Initial, including Brooklyn Investment Group, which grew its stake by 668.3% in the first quarter.
• Rentokil Initial announced a semi-annual dividend of $0.2738, with a yield of 240.0%, despite its current dividend payout ratio of 29.80%.

Robertson Opportunity Capital LLC grew its position in Rentokil Initial PLC (NYSE:RTO - Free Report) by 25.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,545 shares of the company's stock after purchasing an additional 41,290 shares during the period. Rentokil Initial makes up approximately 1.7% of Robertson Opportunity Capital LLC's investment portfolio, making the stock its 20th largest holding. Robertson Opportunity Capital LLC's holdings in Rentokil Initial were worth $4,661,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group increased its position in shares of Rentokil Initial by 668.3% in the first quarter. Brooklyn Investment Group now owns 1,598 shares of the company's stock valued at $37,000 after acquiring an additional 1,390 shares during the last quarter. State of Wyoming acquired a new stake in shares of Rentokil Initial in the first quarter valued at about $46,000. Wealthquest Corp acquired a new stake in shares of Rentokil Initial in the first quarter valued at about $66,000. Advisors Asset Management Inc. acquired a new stake in shares of Rentokil Initial in the first quarter valued at about $78,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Rentokil Initial in the first quarter valued at about $143,000. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Stock Performance

NYSE RTO traded up $0.36 during trading on Thursday, reaching $25.72. 586,327 shares of the company's stock were exchanged, compared to its average volume of 801,796. The business has a 50 day moving average price of $24.28 and a 200-day moving average price of $23.55. The stock has a market capitalization of $12.99 billion, a P/E ratio of 17.03, a PEG ratio of 4.46 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.81 and a quick ratio of 0.72. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $27.37.

Rentokil Initial Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. 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 reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus 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.