Cromwell Holdings LLC Raises Stock Position in Rentokil Initial PLC $RTO

Cromwell Holdings LLC boosted its position in shares of Rentokil Initial PLC (NYSE:RTO) by 397.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,546 shares of the company’s stock after acquiring an additional 2,034 shares during the period. Cromwell Holdings LLC’s holdings in Rentokil Initial were worth $61,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its stake in Rentokil Initial by 15.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 16,649 shares of the company’s stock valued at $400,000 after acquiring an additional 2,288 shares in the last quarter. Arlington Partners LLC bought a new stake in Rentokil Initial during the second quarter valued at approximately $1,639,000. Parallel Advisors LLC lifted its position in Rentokil Initial by 416.9% during the second quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 913 shares during the last quarter. Stanley Capital Management LLC bought a new stake in Rentokil Initial during the first quarter valued at approximately $4,580,000. Finally, Jane Street Group LLC lifted its position in Rentokil Initial by 292.0% during the first quarter. Jane Street Group LLC now owns 117,341 shares of the company’s stock valued at $2,687,000 after purchasing an additional 87,405 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RTO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Berenberg Bank upgraded shares of Rentokil Initial to a “strong sell” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Rentokil Initial Stock Performance

Shares of RTO opened at $25.97 on Friday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 4.43 and a beta of 0.95. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $27.37. The firm has a 50 day moving average price of $24.64 and a 200-day moving average price of $23.69.

Rentokil Initial Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, August 15th were issued a $0.2738 dividend. This represents a dividend yield of 240.0%. The ex-dividend date was Friday, August 15th. Rentokil Initial’s payout ratio is presently 21.85%.

Rentokil Initial Company 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.