Legacy Capital Wealth Partners LLC Invests $411,000 in Rentokil Initial plc (NYSE:RTO)

Legacy Capital Wealth Partners LLC acquired a new stake in shares of Rentokil Initial plc (NYSE:RTO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,867 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in Rentokil Initial by 81.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after acquiring an additional 434 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Rentokil Initial during the second quarter worth about $29,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Rentokil Initial during the fourth quarter worth about $34,000. GPS Wealth Strategies Group LLC purchased a new stake in Rentokil Initial in the second quarter valued at approximately $38,000. Finally, Principal Securities Inc. acquired a new position in Rentokil Initial in the 4th quarter worth approximately $47,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Trading Down 2.2 %

Shares of RTO stock opened at $31.52 on Wednesday. Rentokil Initial plc has a twelve month low of $23.39 and a twelve month high of $37.62. The stock has a 50 day moving average of $30.82 and a 200 day moving average of $29.16.

Rentokil Initial Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.2034 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 9th.

Wall Street Analyst Weigh In

Several brokerages have commented on RTO. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Finally, UBS Group raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

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.