256,123 Shares in Rentokil Initial plc (NYSE:RTO) Purchased by Harber Asset Management LLC

Harber Asset Management LLC acquired a new stake in Rentokil Initial plc (NYSE:RTO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 256,123 shares of the company's stock, valued at approximately $6,485,000. Rentokil Initial comprises approximately 1.9% of Harber Asset Management LLC's holdings, making the stock its 25th largest holding. Harber Asset Management LLC owned about 0.05% of Rentokil Initial as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in RTO. River Road Asset Management LLC grew its stake in shares of Rentokil Initial by 114.2% during 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. MIG Capital LLC boosted its holdings in Rentokil Initial by 29.1% during the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after buying an additional 347,882 shares during the last quarter. Alberta Investment Management Corp grew its position in shares of Rentokil Initial by 21.6% during the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock worth $33,232,000 after buying an additional 232,871 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Rentokil Initial by 109.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock valued at $27,636,000 after acquiring an additional 570,330 shares during the last quarter. Finally, Nichols & Pratt Advisers LLP MA raised its position 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 valued at $20,096,000 after acquiring an additional 78,953 shares during the period. Institutional investors own 9.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rentokil Initial currently has an average rating of "Moderate Buy".

Rentokil Initial Trading Up 5.8 %

Shares of Rentokil Initial stock traded up $1.26 during trading hours on Friday, hitting $23.10. The company's stock had a trading volume of 3,532,595 shares, compared to its average volume of 748,703. Rentokil Initial plc has a 12 month low of $19.60 and a 12 month high of $34.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The company has a market capitalization of $11.66 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. The stock has a 50 day moving average of $23.29 and a 200 day moving average of $24.46.

Rentokil Initial Dividend Announcement

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 issued a dividend of $0.3825 per share. The ex-dividend date is Friday, April 4th. This represents a yield of 2.4%. Rentokil Initial's dividend payout ratio (DPR) is currently 43.71%.

Rentokil Initial 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.