Koss Olinger Consulting LLC Makes New $600,000 Investment in Rentokil Initial plc (NYSE:RTO)

Koss Olinger Consulting LLC bought a new position in Rentokil Initial plc (NYSE:RTO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,693 shares of the company’s stock, valued at approximately $600,000.

Several other large investors have also recently added to or reduced their stakes in RTO. Assetmark Inc. acquired a new stake in Rentokil Initial in the third quarter worth $36,000. Cape Investment Advisory Inc. increased its position in Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock worth $38,000 after buying an additional 594 shares during the period. Sunbelt Securities Inc. increased its position in Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after buying an additional 402 shares during the period. CENTRAL TRUST Co increased its position in Rentokil Initial by 15,208.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company’s stock worth $47,000 after buying an additional 1,825 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Rentokil Initial by 486.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company’s stock worth $49,000 after buying an additional 1,611 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Price Performance

Shares of RTO opened at $21.91 on Wednesday. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 7.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a one year low of $20.60 and a one year high of $34.07. The stock’s fifty day moving average is $24.38 and its 200-day moving average is $25.26.

Rentokil Initial Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be paid a dividend of $0.3825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 2.4%. Rentokil Initial’s dividend payout ratio is currently 43.71%.

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.