Rentokil Initial (NYSE:RTO) Shares Gap Down – Here’s Why

Rentokil Initial plc (NYSE:RTO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $22.49, but opened at $21.93. Rentokil Initial shares last traded at $22.11, with a volume of 104,120 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The firm has a fifty day simple moving average of $23.44 and a 200-day simple moving average of $24.50. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 7.95 and a beta of 1.07.

Rentokil Initial Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gates Capital Management Inc. boosted its holdings in shares of Rentokil Initial by 21.0% during the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company’s stock worth $158,453,000 after acquiring an additional 1,084,845 shares during the period. River Road Asset Management LLC grew its holdings in Rentokil Initial by 114.2% in the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock valued at $95,862,000 after buying an additional 2,018,866 shares in the last quarter. Voss Capital LP increased its position in Rentokil Initial by 21.2% during the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company’s stock worth $78,246,000 after buying an additional 540,287 shares during the period. MIG Capital LLC lifted its holdings in shares of Rentokil Initial by 29.1% during the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company’s stock worth $39,091,000 after buying an additional 347,882 shares in the last quarter. Finally, Alberta Investment Management Corp grew its stake in shares of Rentokil Initial by 21.6% in the fourth quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company’s stock valued at $33,232,000 after acquiring an additional 232,871 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

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.