110,475 Shares in Rentokil Initial plc (NYSE:RTO) Acquired by Broyhill Asset Management

Broyhill Asset Management acquired a new position in Rentokil Initial plc (NYSE:RTO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 110,475 shares of the company's stock, valued at approximately $2,797,000. Rentokil Initial comprises 2.5% of Broyhill Asset Management's investment portfolio, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTO. Cape Investment Advisory Inc. lifted its position in Rentokil Initial by 65.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock valued at $38,000 after purchasing an additional 594 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after buying an additional 402 shares during the last quarter. CENTRAL TRUST Co grew its holdings in 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 acquiring an additional 1,825 shares during the period. Smartleaf Asset Management LLC raised its position in 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 acquiring an additional 1,611 shares in the last quarter. Finally, Cromwell Holdings LLC acquired a new position in Rentokil Initial in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 9.91% of the company's stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Four equities research 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. According to MarketBeat, the company has an average rating of "Moderate Buy".

Rentokil Initial Price Performance

Shares of NYSE RTO traded up $1.26 during trading on Friday, hitting $23.10. The company had a trading volume of 3,532,595 shares, compared to its average volume of 748,703. Rentokil Initial plc has a fifty-two week low of $19.60 and a fifty-two week high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $23.29 and a two-hundred day simple moving average of $24.46. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07.

Rentokil Initial Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given 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.