Balyasny Asset Management L.P. lifted its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 72.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,577 shares of the company's stock after purchasing an additional 12,049 shares during the period. Balyasny Asset Management L.P.'s holdings in Rentokil Initial were worth $724,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Keystone Financial Services purchased a new stake in Rentokil Initial during the fourth quarter worth $236,000. ABS Direct Equity Fund LLC lifted its holdings in Rentokil Initial by 28.1% during the fourth quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company's stock worth $4,051,000 after buying an additional 35,100 shares during the period. Stephens Inc. AR lifted its holdings in Rentokil Initial by 6.1% during the fourth quarter. Stephens Inc. AR now owns 431,185 shares of the company's stock worth $10,918,000 after buying an additional 24,699 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Rentokil Initial during the fourth quarter worth $257,000. Finally, Pacifica Capital Investments LLC acquired a new position in shares of Rentokil Initial during the fourth quarter worth $4,894,000. Hedge funds and other institutional investors own 9.91% of the company's stock.
Rentokil Initial Stock Performance
Shares of NYSE RTO traded up $0.02 during mid-day trading on Friday, hitting $23.39. The stock had a trading volume of 358,740 shares, compared to its average volume of 781,694. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company has a 50 day moving average of $22.53 and a two-hundred day moving average of $24.31. Rentokil Initial plc has a twelve month low of $19.60 and a twelve month high of $34.07. The firm has a market cap of $11.81 billion, a PE ratio of 15.49, a PEG ratio of 7.95 and a beta of 0.96.
Rentokil Initial Announces Dividend
The company also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were given a $0.3825 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, April 4th. Rentokil Initial's payout ratio is 45.03%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on RTO. Sanford C. Bernstein downgraded Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rentokil Initial currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on RTO
About Rentokil Initial
(
Free Report)
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.
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