Stanley Capital Management LLC Invests $4.58 Million in Rentokil Initial PLC $RTO

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 bought a new position in Rentokil Initial PLC (NYSE:RTO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 200,000 shares of the company's stock, valued at approximately $4,580,000.

Several other hedge funds have also bought and sold shares of RTO. Gates Capital Management Inc. boosted its stake in shares of Rentokil Initial by 5.7% during the first quarter. Gates Capital Management Inc. now owns 6,615,305 shares of the company's stock valued at $151,490,000 after purchasing an additional 357,292 shares during the period. Voss Capital LP raised its holdings in Rentokil Initial by 12.4% in 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. Alberta Investment Management Corp boosted its position in shares of Rentokil Initial by 36.8% during the first quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company's stock valued at $41,103,000 after buying an additional 482,429 shares during the last quarter. Sunriver Management LLC bought a new position in Rentokil Initial in the first quarter valued at about $21,864,000. Finally, Maverick Capital Ltd. grew its holdings in Rentokil Initial by 5.0% during the first quarter. Maverick Capital Ltd. now owns 870,105 shares of the company's stock valued at $19,925,000 after purchasing an additional 41,294 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated 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 issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Rentokil Initial Stock Performance

Shares of RTO traded down $0.39 during mid-day trading on Monday, hitting $25.09. 636,900 shares of the company's stock were exchanged, compared to its average volume of 799,483. The firm has a market capitalization of $12.67 billion, a P/E ratio of 16.61, a P/E/G ratio of 4.43 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 $27.37. The business's 50 day moving average is $24.36 and its two-hundred day moving average is $23.52. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.

Rentokil Initial Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 23rd. Shareholders 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 of this dividend is Friday, August 15th. Rentokil Initial's dividend payout ratio (DPR) 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.