Cromwell Holdings LLC Purchases 2,034 Shares of Rentokil Initial PLC $RTO

Cromwell Holdings LLC boosted its position in shares of Rentokil Initial PLC (NYSE:RTO) by 397.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,546 shares of the company’s stock after buying an additional 2,034 shares during the quarter. Cromwell Holdings LLC’s holdings in Rentokil Initial were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTO. Parallel Advisors LLC raised its holdings in Rentokil Initial by 416.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after buying an additional 913 shares during the last quarter. Brooklyn Investment Group raised its holdings in Rentokil Initial by 668.3% during the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock valued at $37,000 after buying an additional 1,390 shares during the last quarter. State of Wyoming bought a new stake in Rentokil Initial during the 1st quarter valued at $46,000. Cape Investment Advisory Inc. raised its holdings in Rentokil Initial by 67.4% during the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock valued at $58,000 after buying an additional 1,014 shares during the last quarter. Finally, Wealthquest Corp bought a new stake in Rentokil Initial during the 1st quarter valued at $66,000. 9.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RTO shares. Berenberg Bank upgraded shares of Rentokil Initial to a “strong sell” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Rentokil Initial Trading Up 2.0%

Shares of Rentokil Initial stock opened at $25.97 on Friday. The company’s fifty day simple moving average is $24.64 and its two-hundred day simple moving average is $23.69. The company has a market cap of $13.12 billion, a P/E ratio of 17.20, a PEG ratio of 4.43 and a beta of 0.95. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $27.37.

Rentokil Initial Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Friday, August 15th were given a $0.2738 dividend. 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 currently 21.85%.

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.