Jane Street Group LLC Sells 29,364 Shares of Rentokil Initial plc (NYSE:RTO)

Jane Street Group LLC lowered its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 49.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,936 shares of the company's stock after selling 29,364 shares during the quarter. Jane Street Group LLC's holdings in Rentokil Initial were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Rentokil Initial by 94.8% in the 4th quarter. Northern Trust Corp now owns 462,657 shares of the company's stock valued at $11,714,000 after acquiring an additional 225,214 shares during the last quarter. Vulcan Value Partners LLC bought a new stake in Rentokil Initial in the fourth quarter worth $5,416,000. Snyder Capital Management L P acquired a new position in Rentokil Initial in the 4th quarter valued at $24,297,000. Kerrisdale Advisers LLC boosted its stake in Rentokil Initial by 51.8% during the 4th quarter. Kerrisdale Advisers LLC now owns 112,895 shares of the company's stock valued at $2,859,000 after purchasing an additional 38,545 shares during the period. Finally, Arvin Capital Management LP boosted its holdings in Rentokil Initial by 33.5% in the 4th quarter. Arvin Capital Management LP now owns 173,600 shares of the company's stock valued at $4,396,000 after purchasing an additional 43,600 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Rentokil Initial presently has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock traded up $0.02 during trading on Friday, reaching $23.70. The company's stock had a trading volume of 25,354 shares, compared to its average volume of 777,804. The business's 50-day moving average price is $22.83 and its 200-day moving average price is $24.17. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.96 billion, a PE ratio of 15.70, a P/E/G ratio of 7.95 and a beta of 0.96.

Rentokil Initial Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were paid a $0.3825 dividend. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial's payout ratio is 45.03%.

Rentokil Initial 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.