Maverick Capital Ltd. Buys 41,294 Shares of Rentokil Initial PLC $RTO

Maverick Capital Ltd. grew its stake in Rentokil Initial PLC (NYSE:RTO) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 870,105 shares of the company’s stock after acquiring an additional 41,294 shares during the period. Maverick Capital Ltd. owned 0.17% of Rentokil Initial worth $19,925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of RTO. Dimensional Fund Advisors LP lifted its position in shares of Rentokil Initial by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company’s stock worth $485,000 after purchasing an additional 1,523 shares during the period. Northern Trust Corp lifted its position in shares of Rentokil Initial by 94.8% in the 4th quarter. Northern Trust Corp now owns 462,657 shares of the company’s stock worth $11,714,000 after purchasing an additional 225,214 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Rentokil Initial in the 4th quarter worth approximately $5,697,000. Balyasny Asset Management L.P. lifted its position in Rentokil Initial by 72.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 28,577 shares of the company’s stock valued at $724,000 after acquiring an additional 12,049 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Rentokil Initial by 277.4% during the fourth quarter. Cetera Investment Advisers now owns 32,661 shares of the company’s stock valued at $827,000 after acquiring an additional 24,006 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein cut shares of Rentokil Initial from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rentokil Initial presently has an average rating of “Moderate Buy”.

Rentokil Initial Trading Up 0.9%

NYSE RTO opened at $24.72 on Monday. The company has a fifty day simple moving average of $24.09 and a two-hundred day simple moving average of $23.58. The stock has a market cap of $12.49 billion, a P/E ratio of 16.37, a P/E/G ratio of 4.30 and a beta of 0.94. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $32.41. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.

Rentokil Initial Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, August 15th will be issued a $0.2738 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 240.0%. Rentokil Initial’s dividend payout ratio (DPR) is currently 29.80%.

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.