Andy M. Ransom Sells 453,914 Shares of Rentokil Initial plc (LON:RTO) Stock

Rentokil Initial plc (LON:RTO) insider Andy M. Ransom sold 453,914 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 356 ($4.61), for a total value of £1,615,933.84 ($2,091,552.99).

Rentokil Initial Price Performance

RTO stock opened at GBX 348.70 ($4.51) on Friday. The company has a market capitalization of £8.73 billion, a PE ratio of 22.37, a P/E/G ratio of 0.56 and a beta of 0.55. Rentokil Initial plc has a 12-month low of GBX 315.30 ($4.08) and a 12-month high of GBX 517.60 ($6.70). The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. The business’s fifty day moving average price is GBX 378.10 and its 200 day moving average price is GBX 392.98.

Rentokil Initial (LON:RTO) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 21.25 ($0.28) earnings per share (EPS) for the quarter. Rentokil Initial had a net margin of 7.25% and a return on equity of 9.50%. On average, sell-side analysts anticipate that Rentokil Initial plc will post 25.8725561 EPS for the current year.

Rentokil Initial Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, April 3rd will be paid a GBX 5.93 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 1.78%. This is a boost from Rentokil Initial’s previous dividend of $3.16. Rentokil Initial’s payout ratio is currently 57.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RTO. Deutsche Bank Aktiengesellschaft decreased their price objective on Rentokil Initial from GBX 485 ($6.28) to GBX 465 ($6.02) and set a “buy” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on shares of Rentokil Initial from GBX 440 ($5.70) to GBX 430 ($5.57) and set a “neutral” rating on the stock in a research note on Tuesday, January 14th.

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.