Rentokil Initial (NYSE:RTO) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Rentokil Initial (NYSE:RTO) to a strong sell rating in a research report report published on Monday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Rentokil Initial Price Performance

Shares of NYSE RTO opened at $25.50 on Monday. The firm has a fifty day moving average price of $24.63 and a 200-day moving average price of $23.67. The stock has a market cap of $12.88 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 4.39 and a beta of 0.95. Rentokil Initial has a 1 year low of $19.60 and a 1 year high of $27.37.

Rentokil Initial Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, August 15th were paid a dividend of $0.2738 per share. This represents a yield of 240.0%. The ex-dividend date of this dividend was Friday, August 15th. Rentokil Initial’s dividend payout ratio (DPR) is presently 21.85%.

Hedge Funds Weigh In On Rentokil Initial

Several institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in Rentokil Initial by 38.9% during the second quarter. Osaic Holdings Inc. now owns 8,886 shares of the company’s stock valued at $211,000 after acquiring an additional 2,490 shares in the last quarter. Squarepoint Ops LLC grew its stake in Rentokil Initial by 120.3% during the second quarter. Squarepoint Ops LLC now owns 54,501 shares of the company’s stock valued at $1,308,000 after acquiring an additional 29,762 shares in the last quarter. State of Wyoming grew its stake in Rentokil Initial by 669.3% during the second quarter. State of Wyoming now owns 15,509 shares of the company’s stock valued at $372,000 after acquiring an additional 13,493 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Rentokil Initial by 93,129.5% during the second quarter. Tower Research Capital LLC TRC now owns 293,673 shares of the company’s stock valued at $7,048,000 after purchasing an additional 293,358 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in Rentokil Initial by 2.8% during the second quarter. SkyView Investment Advisors LLC now owns 39,436 shares of the company’s stock valued at $960,000 after purchasing an additional 1,067 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

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.