Maverick Capital Ltd. boosted its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 870,105 shares of the company's stock after purchasing an additional 41,294 shares during the period. Maverick Capital Ltd. owned approximately 0.17% of Rentokil Initial worth $19,925,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in Rentokil Initial by 668.3% during the first quarter. Brooklyn Investment Group now owns 1,598 shares of the company's stock worth $37,000 after acquiring an additional 1,390 shares during the last quarter. State of Wyoming acquired a new position in Rentokil Initial during the first quarter worth about $46,000. Wealthquest Corp acquired a new position in Rentokil Initial during the first quarter worth about $66,000. Versant Capital Management Inc acquired a new position in Rentokil Initial during the first quarter worth about $143,000. Finally, GAMMA Investing LLC raised its position in Rentokil Initial by 996.0% during the first quarter. GAMMA Investing LLC now owns 9,206 shares of the company's stock worth $211,000 after acquiring an additional 8,366 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on RTO. Sanford C. Bernstein lowered shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rentokil Initial presently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on RTO
Rentokil Initial Trading Up 2.9%
Shares of RTO stock traded up $0.71 during mid-day trading on Thursday, reaching $25.17. The company's stock had a trading volume of 838,833 shares, compared to its average volume of 811,867. The company's 50 day simple moving average is $24.14 and its 200-day simple moving average is $23.58. The firm has a market capitalization of $12.71 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 4.30 and a beta of 0.94. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $31.74. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59.
Rentokil Initial Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, August 15th will be given a $0.2738 dividend. This represents a dividend yield of 240.0%. The ex-dividend date is Friday, August 15th. Rentokil Initial's dividend payout ratio (DPR) is presently 29.80%.
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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