Charles Schwab Investment Management Inc. Has $883,000 Stock Position in Rentokil Initial plc (NYSE:RTO)

Charles Schwab Investment Management Inc. lifted its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 70.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,866 shares of the company's stock after acquiring an additional 14,389 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Rentokil Initial were worth $883,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RTO. Cape Investment Advisory Inc. raised its stake in shares of Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after acquiring an additional 594 shares during the last quarter. Sunbelt Securities Inc. raised its position in Rentokil Initial by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after purchasing an additional 402 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Rentokil Initial by 15,208.3% during the 4th quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock worth $47,000 after buying an additional 1,825 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Rentokil Initial by 486.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after buying an additional 1,611 shares during the last quarter. Finally, Cromwell Holdings LLC acquired a new stake in shares of Rentokil Initial in the 4th quarter valued at $59,000. 9.91% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RTO. Citigroup raised Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Rentokil Initial Trading Up 0.4 %

Shares of NYSE:RTO traded up $0.09 during midday trading on Tuesday, hitting $22.99. The company had a trading volume of 1,552,689 shares, compared to its average volume of 730,366. 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 plc has a 12 month low of $20.60 and a 12 month high of $34.07. The firm has a fifty day simple moving average of $24.18 and a 200 day simple moving average of $24.79. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 7.95 and a beta of 1.14.

Rentokil Initial Dividend Announcement

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

About Rentokil Initial

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.