Lighthouse Investment Partners LLC Takes Position in Rentokil Initial plc (NYSE:RTO)

Lighthouse Investment Partners LLC purchased a new stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) during the 4th quarter, according to the company in its most recent 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 bought and sold shares of RTO. Gates Capital Management Inc. boosted its stake in Rentokil Initial by 21.0% during 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 in the last quarter. River Road Asset Management LLC raised its stake in Rentokil Initial by 114.2% during the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock valued at $95,862,000 after buying an additional 2,018,866 shares during the last quarter. Voss Capital LP increased its holdings in shares of Rentokil Initial by 21.2% during the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock valued at $78,246,000 after acquiring an additional 540,287 shares in the last quarter. MIG Capital LLC boosted its stake in Rentokil Initial by 29.1% in the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after purchasing an additional 347,882 shares in the last quarter. Finally, Alberta Investment Management Corp grew its position in Rentokil Initial by 21.6% during the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock valued at $33,232,000 after purchasing an additional 232,871 shares during the last quarter. 9.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RTO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Rentokil Initial has an average rating of "Moderate Buy".

Rentokil Initial Price Performance

NYSE:RTO traded up $0.17 on Monday, reaching $23.54. 502,025 shares of the company's stock traded hands, compared to its average volume of 780,864. The firm has a market cap of $11.89 billion, a PE ratio of 15.59, a P/E/G ratio of 7.95 and a beta of 0.96. 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 stock has a 50-day simple moving average of $22.53 and a 200-day simple moving average of $24.31. Rentokil Initial plc has a 12 month low of $19.60 and a 12 month high of $34.07.

Rentokil Initial Dividend Announcement

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

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.