Vestmark Advisory Solutions Inc. raised its position in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 201.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,996 shares of the company's stock after purchasing an additional 24,039 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Rentokil Initial were worth $824,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Rentokil Initial by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 777,926 shares of the company's stock worth $17,815,000 after purchasing an additional 149,599 shares in the last quarter. Gates Capital Management Inc. increased its position in Rentokil Initial by 21.0% during 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 in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its position in Rentokil Initial by 5.2% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 228,697 shares of the company's stock worth $5,237,000 after purchasing an additional 11,236 shares during the last quarter. Cetera Investment Advisers lifted its position in Rentokil Initial by 277.4% during the 4th quarter. Cetera Investment Advisers now owns 32,661 shares of the company's stock worth $827,000 after acquiring an additional 24,006 shares during the period. Finally, Vulcan Value Partners LLC acquired a new position in Rentokil Initial in the 4th quarter worth approximately $5,416,000. Institutional investors own 9.91% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on RTO. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a report on Monday, July 21st. 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".
Get Our Latest Report on Rentokil Initial
Rentokil Initial Stock Up 1.0%
RTO stock traded up $0.2390 during mid-day trading on Friday, hitting $24.4090. 177,028 shares of the company were exchanged, compared to its average volume of 797,104. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $23.99 and a 200 day simple moving average of $23.65. Rentokil Initial PLC has a twelve month low of $19.60 and a twelve month high of $34.07. The company has a market capitalization of $12.33 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 4.26 and a beta of 0.92.
Rentokil Initial Cuts Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.2738 per share. This represents a yield of 240.0%. The ex-dividend date of this dividend is Friday, August 15th. Rentokil Initial's dividend payout ratio (DPR) is presently 29.80%.
About Rentokil Initial
(
Free Report)
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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