Vontobel Holding Ltd. Raises Position in Rentokil Initial PLC $RTO

Vontobel Holding Ltd. raised its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 31.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the company’s stock after acquiring an additional 3,805 shares during the quarter. Vontobel Holding Ltd.’s holdings in Rentokil Initial were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Rentokil Initial by 416.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after acquiring an additional 913 shares during the last quarter. Brooklyn Investment Group boosted 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 acquiring an additional 1,390 shares during the last quarter. State of Wyoming purchased a new position in shares of Rentokil Initial during the 1st quarter worth $46,000. Cape Investment Advisory Inc. boosted its stake in shares of Rentokil Initial by 67.4% during the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock worth $58,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of Rentokil Initial by 397.3% during the 2nd quarter. Cromwell Holdings LLC now owns 2,546 shares of the company’s stock worth $61,000 after acquiring an additional 2,034 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $26.98 on Wednesday. The company has a market cap of $13.63 billion, a P/E ratio of 17.86, a P/E/G ratio of 4.70 and a beta of 0.95. The firm’s fifty day moving average is $25.15 and its two-hundred day moving average is $23.95. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $27.96.

Rentokil Initial Cuts Dividend

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

Wall Street Analyst Weigh In

RTO has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Jefferies Financial Group upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Berenberg Bank upgraded shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Finally, Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average 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.