Insider Selling: Rentokil Initial plc (LON:RTO) Insider Sells £1,615,933.84 in Stock

Rentokil Initial plc (LON:RTO) insider Andy M. Ransom sold 453,914 shares of Rentokil Initial stock in a transaction that occurred on Wednesday, March 26th. The stock was 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 Trading Down 1.8 %

Shares of RTO stock opened at GBX 348.70 ($4.51) on Friday. The firm has a market capitalization of £8.73 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55. The stock has a fifty day moving average of GBX 378.10 and a two-hundred day moving average of GBX 392.36. Rentokil Initial plc has a 1 year low of GBX 315.30 ($4.08) and a 1 year high of GBX 517.60 ($6.70). The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04.

Rentokil Initial (LON:RTO) last announced its earnings results on Thursday, March 6th. The company reported GBX 21.25 ($0.28) EPS for the quarter. Rentokil Initial had a return on equity of 9.50% and a net margin of 7.25%. As a group, research analysts expect that Rentokil Initial plc will post 25.8725561 EPS for the current year.

Rentokil Initial Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, April 3rd will be issued a dividend of GBX 5.93 ($0.08) per share. This represents a yield of 1.78%. This is a boost from Rentokil Initial’s previous dividend of $3.16. The ex-dividend date is Thursday, April 3rd. Rentokil Initial’s dividend payout ratio (DPR) is presently 57.73%.

Wall Street Analysts Forecast Growth

RTO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Rentokil Initial from GBX 485 ($6.28) to GBX 465 ($6.02) and set a “buy” rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on Rentokil Initial from GBX 440 ($5.70) to GBX 430 ($5.57) and set a “neutral” rating for the company in a research note on Tuesday, January 14th.

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.