Vulcan Value Partners LLC Makes New $5.42 Million Investment in Rentokil Initial plc (NYSE:RTO)

Vulcan Value Partners LLC acquired a new position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 215,880 shares of the company's stock, valued at approximately $5,416,000.

A number of other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its position in Rentokil Initial by 65.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after buying an additional 594 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Rentokil Initial by 15,208.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock worth $47,000 after purchasing an additional 1,825 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Rentokil Initial by 486.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after purchasing an additional 1,611 shares during the last quarter. Cromwell Holdings LLC acquired a new stake in shares of Rentokil Initial in the fourth quarter valued at approximately $59,000. Finally, Blue Trust Inc. raised its position in Rentokil Initial by 140.4% in the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after purchasing an additional 1,403 shares during the last quarter. Institutional investors own 9.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Rentokil Initial Trading Up 0.3 %

Shares of NYSE RTO traded up $0.06 during mid-day trading on Thursday, hitting $23.00. The company's stock had a trading volume of 331,370 shares, compared to its average volume of 878,609. Rentokil Initial plc has a one year low of $19.60 and a one year high of $34.07. The company's fifty day simple moving average is $22.72 and its 200-day simple moving average is $24.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07.

Rentokil Initial Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be paid a $0.3825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 2.4%. Rentokil Initial's payout ratio is presently 43.71%.

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.