Koss Olinger Consulting LLC Sells 1,711 Shares of Rentokil Initial PLC $RTO

Koss Olinger Consulting LLC trimmed its stake in Rentokil Initial PLC (NYSE:RTO) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,878 shares of the company’s stock after selling 1,711 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Rentokil Initial were worth $1,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Ethic Inc. bought a new position in Rentokil Initial in the second quarter valued at approximately $212,000. Exencial Wealth Advisors LLC grew its stake in Rentokil Initial by 6.5% in the second quarter. Exencial Wealth Advisors LLC now owns 47,919 shares of the company’s stock valued at $1,150,000 after purchasing an additional 2,934 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Rentokil Initial in the second quarter valued at approximately $317,000. IFP Advisors Inc grew its stake in Rentokil Initial by 115.5% in the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $31,000 after purchasing an additional 687 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in Rentokil Initial in the second quarter valued at approximately $214,000. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTO has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a report on Monday, July 21st. Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a report on Saturday. Finally, Jefferies Financial Group raised Rentokil Initial to a “strong-buy” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rentokil Initial Trading Down 1.1%

RTO stock opened at $29.34 on Monday. The firm has a market capitalization of $14.82 billion, a PE ratio of 19.43, a PEG ratio of 4.58 and a beta of 0.95. Rentokil Initial PLC has a 1-year low of $19.60 and a 1-year high of $30.10. The business’s 50 day simple moving average is $25.56 and its 200 day simple moving average is $24.29.

Rentokil Initial Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, August 15th were paid a $0.2738 dividend. The ex-dividend date was Friday, August 15th. This represents a yield of 240.0%.

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.