Iridian Asset Management LLC CT grew its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 151.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 247,130 shares of the company's stock after buying an additional 148,656 shares during the period. Rentokil Initial accounts for approximately 1.3% of Iridian Asset Management LLC CT's holdings, making the stock its 16th biggest holding. Iridian Asset Management LLC CT's holdings in Rentokil Initial were worth $7,070,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. purchased a new position in Rentokil Initial in the third quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Rentokil Initial during the 4th quarter valued at $32,000. Belpointe Asset Management LLC lifted its holdings in shares of Rentokil Initial by 291.2% during the 1st quarter. Belpointe Asset Management LLC now owns 1,205 shares of the company's stock valued at $44,000 after acquiring an additional 897 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Rentokil Initial during the 3rd quarter worth $48,000. Finally, Ancora Advisors LLC acquired a new stake in Rentokil Initial in the 4th quarter valued at $58,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.
Rentokil Initial Stock Performance
NYSE:RTO traded down $0.57 on Friday, reaching $28.22. The stock had a trading volume of 295,811 shares, compared to its average volume of 756,256. The company has a 50-day moving average of $28.77 and a 200 day moving average of $28.83. Rentokil Initial plc has a 12-month low of $23.39 and a 12-month high of $41.55.
Rentokil Initial Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.3784 per share. This represents a yield of 1.6%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Rentokil Initial's previous semi-annual dividend of $0.18.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. BNP Paribas raised Rentokil Initial from a "neutral" rating to an "outperform" rating in a research report on Monday, March 18th. Bank of America downgraded shares of Rentokil Initial from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 24th.
Check Out Our Latest Stock Report on Rentokil Initial
Rentokil Initial Profile
(
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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