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

Cetera Investment Advisers lifted its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 277.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,661 shares of the company's stock after purchasing an additional 24,006 shares during the period. Cetera Investment Advisers' holdings in Rentokil Initial were worth $827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. River Road Asset Management LLC lifted its position in shares of Rentokil Initial by 114.2% during the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after purchasing an additional 2,018,866 shares during the last quarter. Voss Capital LP raised its stake in Rentokil Initial by 21.2% in the fourth 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 in the last quarter. MIG Capital LLC boosted its position in shares of Rentokil Initial by 29.1% during the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after acquiring an additional 347,882 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of Rentokil Initial by 21.6% during the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock worth $33,232,000 after acquiring an additional 232,871 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings 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 acquiring an additional 570,330 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Rentokil Initial Stock Performance

RTO stock traded up $0.13 on Tuesday, hitting $23.98. The company's stock had a trading volume of 350,706 shares, compared to its average volume of 781,019. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 7.95 and a beta of 0.96. The firm has a 50 day moving average of $22.75 and a two-hundred day moving average of $24.19. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 1 year low of $19.60 and a 1 year high of $34.07.

Rentokil Initial Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were issued 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.