Rentokil Initial plc (NYSE:RTO) Stock Position Lowered by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 768,172 shares of the company's stock after selling 123,968 shares during the quarter. Clearbridge Investments LLC owned about 0.15% of Rentokil Initial worth $19,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company's stock valued at $423,573,000 after acquiring an additional 617,227 shares in the last quarter. River Road Asset Management LLC lifted its position in Rentokil Initial by 114.2% in the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after purchasing an additional 2,018,866 shares during the period. Alberta Investment Management Corp boosted its stake in Rentokil Initial by 21.6% during the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock valued at $33,232,000 after purchasing an additional 232,871 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its stake in shares of Rentokil Initial by 11.0% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 793,679 shares of the company's stock worth $20,096,000 after buying an additional 78,953 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in shares of Rentokil Initial by 1.2% in the 4th quarter. Iridian Asset Management LLC CT now owns 728,764 shares of the company's stock worth $18,452,000 after buying an additional 8,969 shares in the last quarter. Institutional investors own 9.91% of the company's stock.

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Rentokil Initial Price Performance

Shares of RTO traded down $0.97 during trading hours on Monday, hitting $19.94. 577,516 shares of the company were exchanged, compared to its average volume of 735,577. The firm has a fifty day simple moving average of $24.07 and a 200-day simple moving average of $24.72. The company has a market capitalization of $10.07 billion, a PE ratio of 13.12, a PEG ratio of 7.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a one year low of $19.80 and a one year high of $34.07.

Rentokil Initial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup upgraded shares of Rentokil Initial to a "strong-buy" rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Four 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

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.