Brown Advisory Inc. Has $106.23 Million Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Brown Advisory Inc. reduced its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,195,585 shares of the company's stock after selling 314,972 shares during the period. Brown Advisory Inc. owned approximately 0.83% of Rentokil Initial worth $106,232,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. River Road Asset Management LLC grew its position in Rentokil Initial by 114.2% during the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after buying an additional 2,018,866 shares in the last quarter. Voss Capital LP increased its holdings in Rentokil Initial by 21.2% in the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock valued at $78,246,000 after buying an additional 540,287 shares during the period. MIG Capital LLC increased its stake in Rentokil Initial by 29.1% in the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock valued at $39,091,000 after acquiring an additional 347,882 shares during the period. Alberta Investment Management Corp lifted its stake in Rentokil Initial by 21.6% during the fourth quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock worth $33,232,000 after purchasing an additional 232,871 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Rentokil Initial by 109.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock valued at $27,636,000 after purchasing an additional 570,330 shares during the period. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Trading Up 4.2 %

RTO stock opened at $23.85 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 7.95 and a beta of 1.07. The business has a fifty day moving average price of $22.62 and a 200 day moving average price of $24.41. Rentokil Initial plc has a fifty-two week low of $19.60 and a fifty-two week high of $34.07.

Rentokil Initial Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be paid a $0.3825 dividend. The ex-dividend date is Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial's dividend payout ratio (DPR) is currently 43.71%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Rentokil Initial currently has an average rating of "Moderate Buy".

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.

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