Rentokil Initial plc (NYSE:RTO) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 1,492.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 232,020 shares of the company's stock after purchasing an additional 217,454 shares during the quarter. Two Sigma Investments LP's holdings in Rentokil Initial were worth $5,875,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its stake in Rentokil Initial by 114.2% in the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after acquiring an additional 2,018,866 shares during the last quarter. Gates Capital Management Inc. lifted its stake in Rentokil Initial by 21.0% in the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after acquiring an additional 1,084,845 shares during the last quarter. Snyder Capital Management L P purchased a new position in Rentokil Initial in the fourth quarter worth approximately $24,297,000. Rockefeller Capital Management L.P. lifted its stake in Rentokil Initial by 109.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock worth $27,636,000 after acquiring an additional 570,330 shares during the last quarter. Finally, Voss Capital LP lifted 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 worth $78,246,000 after acquiring an additional 540,287 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RTO shares. 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 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy".

Rentokil Initial Stock Up 0.4%

Shares of NYSE:RTO traded up $0.10 during trading on Friday, hitting $23.78. 634,006 shares of the company were exchanged, compared to its average volume of 783,069. The stock has a market capitalization of $12.01 billion, a P/E ratio of 15.75, 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. Rentokil Initial plc has a 12-month low of $19.60 and a 12-month high of $34.07. The firm's 50 day moving average price is $22.85 and its 200-day moving average price is $24.14.

Rentokil Initial Announces Dividend

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 of this dividend was Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial's payout ratio is 45.03%.

Rentokil Initial Company 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.