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

Rentokil Initial plc (LON:RTO) insider Andy M. Ransom sold 453,914 shares of the company’s 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 Stock Performance

Shares of RTO opened at GBX 348.70 ($4.51) 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 52-week low of GBX 315.30 ($4.08) and a 52-week high of GBX 517.60 ($6.70). The company has a 50-day simple moving average of GBX 378.10 and a 200-day simple moving average of GBX 392.98. 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 (LON:RTO) last posted 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%. Equities research analysts predict that Rentokil Initial plc will post 25.8725561 earnings per share for the current fiscal year.

Rentokil Initial Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on RTO. Deutsche Bank Aktiengesellschaft decreased their price target on Rentokil Initial from GBX 485 ($6.28) to GBX 465 ($6.02) and set a “buy” rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price 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 report 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.