Rentokil Initial plc (NYSE:RTO) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 277.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,661 shares of the company's stock after purchasing an additional 24,006 shares during the quarter. Cetera Investment Advisers' holdings in Rentokil Initial were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RTO. Cape Investment Advisory Inc. raised its stake in Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after buying an additional 594 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Rentokil Initial by 15,208.3% in the 4th quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock valued at $47,000 after acquiring an additional 1,825 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Rentokil Initial by 486.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after acquiring an additional 1,611 shares during the period. Cromwell Holdings LLC bought a new position in shares of Rentokil Initial in the 4th quarter worth $59,000. Finally, Blue Trust Inc. lifted its stake in shares of Rentokil Initial by 140.4% during the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after purchasing an additional 1,403 shares during the last quarter. 9.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Down 0.2%

Shares of Rentokil Initial stock traded down $0.05 during trading on Thursday, reaching $23.69. The company's stock had a trading volume of 350,739 shares, compared to its average volume of 780,792. Rentokil Initial plc has a 1-year low of $19.60 and a 1-year high of $34.07. The company has a 50-day simple moving average of $22.83 and a two-hundred day simple moving average of $24.17. 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 company has a market cap of $11.96 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 7.95 and a beta of 0.96.

Rentokil Initial Dividend Announcement

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 dividend of $0.3825 per share. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial's payout ratio is 45.03%.

About Rentokil Initial

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.