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

Shares of Rentokil Initial plc (NYSE:RTO) gapped down prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rentokil Initial has an average rating of “Moderate Buy”.

Rentokil Initial Trading Down 1.4 %

The stock’s 50 day moving average is $23.55 and its 200-day moving average is $24.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The company has a market capitalization of $11.19 billion, a P/E ratio of 14.68, a P/E/G ratio of 7.95 and a beta of 1.07.

Rentokil Initial Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its position in shares of Rentokil Initial by 36.8% in the 3rd quarter. HighTower Advisors LLC now owns 88,747 shares of the company’s stock worth $2,205,000 after purchasing an additional 23,892 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Rentokil Initial by 4.6% in the third quarter. MML Investors Services LLC now owns 89,983 shares of the company’s stock worth $2,243,000 after buying an additional 3,997 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Rentokil Initial by 30.1% during the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock valued at $43,000 after buying an additional 402 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Rentokil Initial during the third quarter valued at approximately $295,000. Finally, Synovus Financial Corp lifted its position in Rentokil Initial by 88.9% in the 3rd quarter. Synovus Financial Corp now owns 190,025 shares of the company’s stock valued at $4,737,000 after acquiring an additional 89,452 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

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.