Shares of Rentokil Initial PLC (NYSE:RTO – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $23.26 and last traded at $23.6680, with a volume of 154575 shares changing hands. The stock had previously closed at $23.59.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rentokil Initial in a research note on Monday, August 3rd. The Goldman Sachs Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. BNP Paribas Exane cut Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 price objective on the stock. in a research note on Friday, July 31st. Zacks Research lowered Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy” and an average target price of $31.90.
View Our Latest Report on Rentokil Initial
Rentokil Initial Price Performance
Rentokil Initial Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, September 22nd. Investors of record on Friday, August 14th will be given a dividend of $0.224 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a yield of 188.0%.
Institutional Investors Weigh In On Rentokil Initial
Several institutional investors have recently added to or reduced their stakes in RTO. Bank of America Corp DE lifted its position in Rentokil Initial by 60.7% during the first quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock worth $209,373,000 after buying an additional 2,511,135 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Rentokil Initial by 3.0% in the 1st quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock valued at $522,329,000 after buying an additional 490,885 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Rentokil Initial by 93,129.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 293,673 shares of the company’s stock worth $7,048,000 after buying an additional 293,358 shares during the last quarter. UBS Group AG increased its stake in Rentokil Initial by 124.4% during the third quarter. UBS Group AG now owns 486,396 shares of the company’s stock worth $12,281,000 after acquiring an additional 269,676 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Rentokil Initial by 8.4% during the 4th quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock worth $103,558,000 after purchasing an additional 267,204 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.
Rentokil Initial Company Profile
Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.
Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.
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