Robertson Opportunity Capital LLC Buys 41,290 Shares of 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 stake in Rentokil Initial PLC (NYSE:RTO - Free Report) by 25.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,545 shares of the company's stock after buying an additional 41,290 shares during the period. Rentokil Initial makes up approximately 1.7% of Robertson Opportunity Capital LLC's holdings, making the stock its 20th biggest position. Robertson Opportunity Capital LLC's holdings in Rentokil Initial were worth $4,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sit Investment Associates Inc. lifted its position in shares of Rentokil Initial by 3.7% in the first quarter. Sit Investment Associates Inc. now owns 22,065 shares of the company's stock worth $505,000 after buying an additional 787 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Rentokil Initial by 8.0% in the first quarter. Whittier Trust Co. now owns 13,043 shares of the company's stock worth $299,000 after buying an additional 967 shares during the last quarter. Broyhill Asset Management LLC lifted its position in shares of Rentokil Initial by 1.1% in the first quarter. Broyhill Asset Management LLC now owns 111,705 shares of the company's stock worth $2,558,000 after buying an additional 1,230 shares during the last quarter. Brooklyn Investment Group lifted 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 worth $37,000 after buying an additional 1,390 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in shares of Rentokil Initial by 3.3% in the first quarter. Exencial Wealth Advisors LLC now owns 44,985 shares of the company's stock worth $1,030,000 after buying an additional 1,453 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RTO. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued 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 assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Performance

Rentokil Initial stock traded down $0.26 during trading hours on Tuesday, hitting $25.68. The stock had a trading volume of 307,650 shares, compared to its average volume of 812,481. The company has a 50-day moving average of $24.25 and a two-hundred day moving average of $23.54. 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 company has a market cap of $12.97 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 4.51 and a beta of 0.94. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $31.67.

Rentokil Initial Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, August 15th will be paid a $0.2738 dividend. This represents a dividend yield of 240.0%. The ex-dividend date is Friday, August 15th. Rentokil Initial's dividend payout ratio is currently 29.80%.

Rentokil Initial 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.