Schroder Investment Management Group Reduces Stock Position in Rentokil Initial plc (NYSE:RTO)

Schroder Investment Management Group decreased its position in shares of Rentokil Initial plc (NYSE:RTO) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,784,128 shares of the company’s stock after selling 9,449 shares during the quarter. Schroder Investment Management Group owned 0.75% of Rentokil Initial worth $94,792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Keystone Financial Services purchased a new stake in Rentokil Initial during the fourth quarter worth $236,000. Janus Henderson Group PLC raised its stake in shares of Rentokil Initial by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after buying an additional 617,227 shares during the last quarter. ABS Direct Equity Fund LLC boosted its position in shares of Rentokil Initial by 28.1% in the 4th quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company’s stock worth $4,051,000 after buying an additional 35,100 shares in the last quarter. Stephens Inc. AR grew its stake in Rentokil Initial by 6.1% in the 4th quarter. Stephens Inc. AR now owns 431,185 shares of the company’s stock valued at $10,918,000 after acquiring an additional 24,699 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Rentokil Initial during the 4th quarter valued at about $257,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on RTO shares. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Rentokil Initial Trading Down 1.0 %

Shares of RTO stock opened at $22.92 on Monday. Rentokil Initial plc has a twelve month low of $20.60 and a twelve month high of $34.07. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 7.95 and a beta of 1.14. The firm has a 50-day moving average price of $24.20 and a 200 day moving average price of $24.81. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Rentokil Initial Announces Dividend

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