Rentokil Initial PLC $RTO is Voss Capital LP's 8th Largest Position

Key Points

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Voss Capital LP raised its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,471,946 shares of the company's stock after buying an additional 381,659 shares during the period. Rentokil Initial comprises 6.1% of Voss Capital LP's portfolio, making the stock its 8th largest holding. Voss Capital LP owned 0.69% of Rentokil Initial worth $79,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RTO. Brooklyn Investment Group increased its stake in shares of Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company's stock worth $37,000 after purchasing an additional 1,390 shares in the last quarter. Wealthquest Corp purchased a new position in Rentokil Initial during the first quarter valued at $66,000. Russell Investments Group Ltd. grew its holdings in Rentokil Initial by 63.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock valued at $83,000 after purchasing an additional 1,281 shares during the period. Versant Capital Management Inc purchased a new stake in Rentokil Initial in the first quarter worth about $143,000. Finally, GAMMA Investing LLC increased its position in Rentokil Initial by 996.0% in the first quarter. GAMMA Investing LLC now owns 9,206 shares of the company's stock worth $211,000 after buying an additional 8,366 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Price Performance

Shares of NYSE:RTO traded down $0.3450 during midday trading on Thursday, reaching $24.1550. 487,602 shares of the company were exchanged, compared to its average volume of 948,915. Rentokil Initial PLC has a one year low of $19.60 and a one year high of $34.07. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59. The business's fifty day moving average is $23.99 and its two-hundred day moving average is $23.65. The stock has a market cap of $12.20 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 4.26 and a beta of 0.92.

Rentokil Initial Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RTO shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Monday, July 21st. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock 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.