Quantinno Capital Management LP Acquires 29,046 Shares of Rentokil Initial plc (NYSE:RTO)

Quantinno Capital Management LP increased its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 114.6% in the fourth 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 purchasing an additional 29,046 shares during the period. Quantinno Capital Management LP's holdings in Rentokil Initial were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Rentokil Initial by 160.4% during the third quarter. JPMorgan Chase & Co. now owns 6,803 shares of the company's stock worth $170,000 after buying an additional 4,190 shares during the period. SG Americas Securities LLC bought a new stake in Rentokil Initial in the 4th quarter valued at approximately $213,000. Janney Montgomery Scott LLC bought a new stake in Rentokil Initial in the 4th quarter valued at approximately $257,000. Blue Trust Inc. boosted its position in 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 acquiring an additional 1,403 shares during the last quarter. Finally, ABS Direct Equity Fund LLC boosted its position in Rentokil Initial by 28.1% during the 4th quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company's stock worth $4,051,000 after acquiring an additional 35,100 shares during the last quarter. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Down 0.8%

RTO stock traded down $0.20 during mid-day trading on Wednesday, reaching $23.76. The company had a trading volume of 74,073 shares, compared to its average volume of 778,265. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 7.95 and a beta of 0.96. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07. The stock has a 50 day simple moving average of $22.78 and a two-hundred day simple moving average of $24.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

Rentokil Initial Announces Dividend

The company also recently disclosed 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 dividend payout ratio is presently 45.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented 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 reiterated a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Rentokil Initial has an average rating of "Moderate Buy".

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.