Callan Family Office LLC Invests $214,000 in Rentokil Initial PLC $RTO

Callan Family Office LLC acquired a new position in shares of Rentokil Initial PLC (NYSE:RTO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,921 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also modified their holdings of RTO. Parallel Advisors LLC raised its holdings 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 in the last quarter. Brooklyn Investment Group raised its holdings 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 in the last quarter. State of Wyoming purchased a new stake in shares of Rentokil Initial during the 1st quarter worth approximately $46,000. Cape Investment Advisory Inc. raised its holdings 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 in the last quarter. Finally, Cromwell Holdings LLC raised its holdings 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 in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Trading Up 0.1%

RTO opened at $26.71 on Friday. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $27.96. The business’s fifty day simple moving average is $25.26 and its 200-day simple moving average is $24.02. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 4.64 and a beta of 0.95.

Rentokil Initial Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RTO. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research report on Wednesday, October 8th. Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Zacks Research raised Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Finally, Jefferies Financial Group raised Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rentokil Initial has a consensus rating of “Moderate Buy”.

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.