200,000 Shares in Rentokil Initial PLC $RTO Acquired by Stanley Capital Management LLC

Key Points

• Stanley Capital Management LLC has acquired a new position in Rentokil Initial PLC, purchasing 200,000 shares valued at approximately $4.58 million during the first quarter.
• Several other institutional investors have also increased their stakes in Rentokil Initial, including a 668.3% increase by Brooklyn Investment Group during the same period.
• Rentokil Initial has announced a semi-annual dividend of $0.2738 per share, reflecting a dividend yield of 240.0%, set to be paid on September 23rd.

Stanley Capital Management LLC acquired a new stake in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the company's stock, valued at approximately $4,580,000.

A number of other institutional investors have also added to or reduced their stakes in RTO. Sunriver Management LLC acquired a new position in Rentokil Initial during the 1st quarter worth approximately $21,864,000. Alberta Investment Management Corp raised its holdings in Rentokil Initial by 36.8% during the first quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company's stock worth $41,103,000 after buying an additional 482,429 shares during the last quarter. Voss Capital LP raised its holdings in Rentokil Initial by 12.4% during the first quarter. Voss Capital LP now owns 3,471,946 shares of the company's stock worth $79,508,000 after buying an additional 381,659 shares during the last quarter. Gates Capital Management Inc. raised its holdings in shares of Rentokil Initial by 5.7% in the 1st quarter. Gates Capital Management Inc. now owns 6,615,305 shares of the company's stock worth $151,490,000 after acquiring an additional 357,292 shares during the last quarter. Finally, Michelson Medical Research Foundation Inc. raised its holdings in shares of Rentokil Initial by 177.8% in the 1st quarter. Michelson Medical Research Foundation Inc. now owns 500,000 shares of the company's stock worth $11,450,000 after acquiring an additional 320,000 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock traded up $0.24 during trading hours on Wednesday, hitting $25.22. 163,118 shares of the company's stock traded hands, compared to its average volume of 794,415. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $27.37. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 4.37 and a beta of 0.94. The company has a fifty day simple moving average of $24.40 and a 200-day simple moving average of $23.53. 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 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 issued a dividend of $0.2738 per share. This represents a yield of 240.0%. The ex-dividend date is Friday, August 15th. Rentokil Initial's dividend payout ratio (DPR) is 29.80%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.