Rentokil Initial plc (NYSE:RTO) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 114.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,381 shares of the company's stock after buying an additional 29,046 shares during the period. Quantinno Capital Management LP's holdings in Rentokil Initial were worth $1,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Laird Norton Wetherby Wealth Management LLC purchased a new stake in Rentokil Initial in the 4th quarter valued at about $246,000. Lighthouse Investment Partners LLC purchased a new stake in Rentokil Initial in the 4th quarter valued at about $379,000. Gates Capital Management Inc. raised its holdings in Rentokil Initial by 21.0% in the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock valued at $158,453,000 after buying an additional 1,084,845 shares during the period. Fiduciary Trust Co raised its holdings in Rentokil Initial by 27.6% in the 4th quarter. Fiduciary Trust Co now owns 30,717 shares of the company's stock valued at $778,000 after buying an additional 6,645 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Rentokil Initial by 277.4% in the 4th quarter. Cetera Investment Advisers now owns 32,661 shares of the company's stock valued at $827,000 after buying an additional 24,006 shares during the period. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RTO shares. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Rentokil Initial Trading Up 0.4%

RTO opened at $23.34 on Friday. Rentokil Initial plc has a 12 month low of $19.60 and a 12 month high of $34.07. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 7.95 and a beta of 0.96. 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 business has a fifty day moving average price of $22.68 and a 200 day moving average price of $24.27.

Rentokil Initial Announces Dividend

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

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