Raymond James Financial Services Advisors Inc. increased its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 959.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,164 shares of the company's stock after purchasing an additional 157,722 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in Rentokil Initial were worth $4,983,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its stake in Rentokil Initial by 3.2% during the third quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company's stock worth $140,897,000 after purchasing an additional 116,496 shares during the last quarter. Morgan Stanley bought a new stake in Rentokil Initial in the fourth quarter valued at $87,191,000. Norges Bank bought a new stake in Rentokil Initial in the fourth quarter valued at $81,252,000. Price T Rowe Associates Inc. MD bought a new stake in Rentokil Initial in the fourth quarter valued at $51,291,000. Finally, FMR LLC lifted its stake in Rentokil Initial by 6.9% in the third quarter. FMR LLC now owns 923,730 shares of the company's stock valued at $34,224,000 after buying an additional 60,018 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on RTO shares. BNP Paribas upgraded Rentokil Initial from a "neutral" rating to an "outperform" rating in a research note on Monday, March 18th. Bank of America cut Rentokil Initial from a "buy" rating to a "neutral" rating and cut their target price for the company from $40.00 to $29.00 in a research note on Wednesday, January 24th.
Get Our Latest Analysis on RTO
Rentokil Initial Price Performance
Shares of RTO traded up $0.71 during trading hours on Friday, reaching $30.18. 2,466,369 shares of the company's stock traded hands, compared to its average volume of 752,831. Rentokil Initial plc has a twelve month low of $23.39 and a twelve month high of $41.55. The business's fifty day simple moving average is $28.52 and its two-hundred day simple moving average is $29.10.
Rentokil Initial Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.3784 per share. This represents a dividend yield of 1.6%. This is a positive change from Rentokil Initial's previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Thursday, April 4th.
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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