Insider Selling: Renewi plc (LON:RWI) Insider Sells £60,660.95 in Stock

Renewi plc (LON:RWI) insider Otto de Bont sold 9,205 shares of Renewi stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of GBX 659 ($8.52), for a total value of £60,660.95 ($78,454.41).

Renewi Stock Performance

LON RWI opened at GBX 671 ($8.68) on Friday. The firm has a market capitalization of £540.56 million, a P/E ratio of 1,427.66, a price-to-earnings-growth ratio of 0.38 and a beta of 1.11. The company has a current ratio of 0.54, a quick ratio of 0.59 and a debt-to-equity ratio of 198.57. The firm’s fifty day moving average price is GBX 668.29 and its two-hundred day moving average price is GBX 611.01. Renewi plc has a 1 year low of GBX 446.50 ($5.77) and a 1 year high of GBX 749 ($9.69).

Renewi Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 5 ($0.06) per share. This is an increase from Renewi’s previous dividend of $4.50. This represents a dividend yield of 0.79%. The ex-dividend date is Thursday, June 27th. Renewi’s payout ratio is currently 212.77%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 710 ($9.18) price target on shares of Renewi in a research note on Thursday, May 30th.

About Renewi

Renewi plc, together with its subsidiaries, provides waste-to-product services. The company operates through Commercial Waste, Mineralz & Water, and Specialities segments. The Commercial Waste segment engages in the collection and treatment of commercial waste in the Netherlands and Belgium; and processing of wood, aggregates, plastics, paper products, and organic waste.