Lighthouse Investment Partners LLC Makes New Investment in Rentokil Initial plc (NYSE:RTO)

Lighthouse Investment Partners LLC purchased a new stake in Rentokil Initial plc (NYSE:RTO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,986 shares of the company's stock, valued at approximately $379,000.

A number of other institutional investors also recently modified their holdings of the company. Gates Capital Management Inc. lifted its holdings in shares of Rentokil Initial by 21.0% in the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock valued at $158,453,000 after purchasing an additional 1,084,845 shares in the last quarter. Fiduciary Trust Co lifted its holdings in shares of Rentokil Initial by 27.6% in the fourth quarter. Fiduciary Trust Co now owns 30,717 shares of the company's stock valued at $778,000 after purchasing an additional 6,645 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Rentokil Initial by 277.4% in the fourth quarter. Cetera Investment Advisers now owns 32,661 shares of the company's stock valued at $827,000 after purchasing an additional 24,006 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Rentokil Initial by 72.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 28,577 shares of the company's stock valued at $724,000 after purchasing an additional 12,049 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Rentokil Initial in the fourth quarter valued at about $5,697,000. 9.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Rentokil Initial Stock Up 0.2%

Shares of NYSE:RTO traded up $0.05 during midday trading on Tuesday, reaching $23.61. The company had a trading volume of 129,215 shares, compared to its average volume of 778,711. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The business's 50 day moving average price is $22.58 and its 200 day moving average price is $24.29. The stock has a market cap of $11.92 billion, a PE ratio of 15.64, a P/E/G ratio of 7.95 and a beta of 0.96. Rentokil Initial plc has a 1-year low of $19.60 and a 1-year high of $34.07.

Rentokil Initial Dividend Announcement

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