8,921 Shares in Rentokil Initial PLC $RTO Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new position in shares of Rentokil Initial PLC (NYSE:RTO) in the second quarter, Holdings Channel reports. The firm acquired 8,921 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC lifted 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 purchasing an additional 913 shares during the last quarter. Brooklyn Investment Group lifted 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 purchasing an additional 1,390 shares during the last quarter. State of Wyoming purchased a new stake in shares of Rentokil Initial during the 1st quarter worth $46,000. Cape Investment Advisory Inc. lifted 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 purchasing an additional 1,014 shares during the last quarter. Finally, Cromwell Holdings LLC lifted 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 purchasing an additional 2,034 shares during the last quarter. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RTO has been the subject of a number of research analyst reports. Zacks Research upgraded Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Jefferies Financial Group upgraded Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Berenberg Bank upgraded Rentokil Initial to a “strong sell” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating in a research note on Tuesday, October 7th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Rentokil Initial Stock Up 0.1%

Shares of NYSE:RTO opened at $26.71 on Friday. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $27.96. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 4.64 and a beta of 0.95. The business has a 50-day moving average price of $25.26 and a 200-day moving average price of $24.02.

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 issued 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 21.85%.

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.