Koss Olinger Consulting LLC Reduces Holdings in Rentokil Initial PLC $RTO

Koss Olinger Consulting LLC decreased its position in Rentokil Initial PLC (NYSE:RTO) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,235 shares of the company’s stock after selling 18,550 shares during the period. Koss Olinger Consulting LLC’s holdings in Rentokil Initial were worth $1,745,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Rentokil Initial by 76.5% in the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after buying an additional 534 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Rentokil Initial by 171.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after buying an additional 1,089 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Rentokil Initial by 296.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock valued at $58,000 after buying an additional 1,461 shares during the period. IFP Advisors Inc grew its stake in shares of Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after buying an additional 690 shares during the period. Finally, Tucker Asset Management LLC purchased a new stake in shares of Rentokil Initial in the 4th quarter valued at approximately $84,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

RTO has been the subject of several analyst reports. Oppenheimer increased their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, March 10th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, March 12th. Rothschild & Co Redburn raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Wall Street Zen cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Price Performance

Shares of RTO stock opened at $30.15 on Friday. The firm’s 50 day moving average price is $32.54 and its 200-day moving average price is $30.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67.

Rentokil Initial Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Friday, April 10th were issued a dividend of $0.412 per share. The ex-dividend date was Friday, April 10th. This represents a yield of 245.0%.

Rentokil Initial 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.