CIBC Private Wealth Group LLC boosted its holdings in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,689 shares of the company's stock after purchasing an additional 10,923 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Rentokil Initial were worth $2,862,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Cape Investment Advisory Inc. increased 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 buying an additional 594 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of 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 raised its stake in shares of Rentokil Initial by 15,208.3% in the 4th quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock valued at $47,000 after purchasing an additional 1,825 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 worth $49,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Cromwell Holdings LLC bought a new position in shares of Rentokil Initial during the fourth quarter worth about $59,000. 9.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup raised Rentokil Initial to a "strong-buy" rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on RTO
Rentokil Initial Stock Performance
Shares of NYSE:RTO traded down $1.04 during trading on Monday, hitting $19.87. 2,885,302 shares of the company traded hands, compared to its average volume of 744,331. 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 business's fifty day moving average is $23.98 and its 200-day moving average is $24.69. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a one year low of $19.60 and a one year high of $34.07.
Rentokil Initial Announces Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a $0.3825 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, April 4th. Rentokil Initial's dividend payout ratio is presently 43.71%.
Rentokil Initial Profile
(
Free Report)
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.
Further Reading
Before you consider Rentokil Initial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rentokil Initial wasn't on the list.
While Rentokil Initial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
