Voss Capital LP Has $27.78 Million Stock Position in Rentokil Initial PLC $RTO

Voss Capital LP lessened its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 30.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,100,000 shares of the company’s stock after selling 490,453 shares during the period. Rentokil Initial accounts for 1.3% of Voss Capital LP’s holdings, making the stock its 20th biggest holding. Voss Capital LP owned about 0.22% of Rentokil Initial worth $27,775,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RTO. Smartleaf Asset Management LLC increased its holdings in Rentokil Initial by 171.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after purchasing an additional 1,089 shares during the period. Russell Investments Group Ltd. lifted its holdings in Rentokil Initial by 40.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after buying an additional 1,309 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Rentokil Initial by 88.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock valued at $113,000 after buying an additional 2,213 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Rentokil Initial by 24.3% in the 3rd quarter. Versant Capital Management Inc now owns 6,914 shares of the company’s stock valued at $175,000 after buying an additional 1,352 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Rentokil Initial by 122.9% in the second quarter. Advisors Asset Management Inc. now owns 7,610 shares of the company’s stock valued at $183,000 after buying an additional 4,196 shares during the period. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Up 0.8%

Shares of NYSE RTO opened at $32.39 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 1.03. The company’s fifty day simple moving average is $31.62 and its 200 day simple moving average is $28.76. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $33.47.

Rentokil Initial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, April 10th will be given a dividend of $0.412 per share. This represents a dividend yield of 266.0%. The ex-dividend date of this dividend is Friday, April 10th.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RTO shares. Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rentokil Initial in a report on Friday, November 21st. Zacks Research downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Morgan Stanley upgraded shares of Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. Finally, Bank of America raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

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.