Voss Capital LP Buys 381,659 Shares of Rentokil Initial PLC $RTO

Key Points

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Voss Capital LP lifted 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 filing with the Securities and Exchange Commission. The institutional investor 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 investment portfolio, making the stock its 8th biggest holding. Voss Capital LP owned approximately 0.69% of Rentokil Initial worth $79,508,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTO. Brooklyn Investment Group raised its stake in shares of Rentokil Initial by 668.3% during the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company's stock worth $37,000 after buying an additional 1,390 shares in the last quarter. Wealthquest Corp purchased a new position in shares of Rentokil Initial during the 1st quarter worth approximately $66,000. Russell Investments Group Ltd. raised its stake in shares of Rentokil Initial by 63.9% during the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after buying an additional 1,281 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Rentokil Initial during the 1st quarter worth approximately $143,000. Finally, GAMMA Investing LLC raised its stake in shares of Rentokil Initial by 996.0% during the 1st 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. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st. Sanford C. Bernstein downgraded Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. One investment 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, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Price Performance

NYSE RTO traded up $0.1730 during mid-day trading on Friday, hitting $24.3430. The stock had a trading volume of 510,722 shares, compared to its average volume of 896,924. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $34.07. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 4.25 and a beta of 0.92. The company has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $23.63. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59.

Rentokil Initial Cuts Dividend

The business also recently announced 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 is Friday, August 15th. Rentokil Initial's dividend payout ratio is 29.80%.

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.