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

Rentokil Initial plc (LON:RTO) insider Andy M. Ransom sold 453,914 shares of the firm’s stock in a transaction dated 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 ($2,092,094.56).

Rentokil Initial Stock Performance

LON RTO opened at GBX 356.50 ($4.62) on Friday. The company has a quick ratio of 1.76, a current ratio of 1.04 and a debt-to-equity ratio of 113.35. Rentokil Initial plc has a twelve month low of GBX 315.30 ($4.08) and a twelve month high of GBX 517.60 ($6.70). The business has a 50-day moving average price of GBX 378.85 and a 200-day moving average price of GBX 393.87. The firm has a market cap of £8.93 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

Rentokil Initial (LON:RTO) last posted its quarterly 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, equities research analysts predict that Rentokil Initial plc will post 25.8725561 EPS for the current fiscal year.

Rentokil Initial Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on RTO. JPMorgan Chase & Co. reduced their target price on shares of Rentokil Initial from GBX 440 ($5.70) to GBX 430 ($5.57) and set a “neutral” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft dropped their price target 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 report on Friday, March 7th.

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.