Invesco Ltd. Boosts Position in Rentokil Initial plc (NYSE:RTO)

Invesco Ltd. lifted its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,363 shares of the company's stock after buying an additional 14,888 shares during the period. Invesco Ltd. owned about 0.05% of Rentokil Initial worth $6,744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. River Road Asset Management LLC grew its position in shares of Rentokil Initial by 114.2% in the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock valued at $95,862,000 after acquiring an additional 2,018,866 shares during the period. MIG Capital LLC boosted its holdings in Rentokil Initial by 29.1% in the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock valued at $39,091,000 after purchasing an additional 347,882 shares during the period. Alberta Investment Management Corp increased its holdings in shares of Rentokil Initial by 21.6% during the fourth quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock worth $33,232,000 after purchasing an additional 232,871 shares during the period. Nichols & Pratt Advisers LLP MA raised its position in shares of Rentokil Initial by 11.0% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 793,679 shares of the company's stock valued at $20,096,000 after buying an additional 78,953 shares in the last quarter. Finally, Iridian Asset Management LLC CT boosted its stake in shares of Rentokil Initial by 1.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 728,764 shares of the company's stock valued at $18,452,000 after buying an additional 8,969 shares during the period. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Rentokil Initial Stock Up 0.7 %

Shares of NYSE:RTO traded up $0.16 during midday trading on Tuesday, hitting $23.02. 252,054 shares of the company's stock were exchanged, compared to its average volume of 765,774. The company has a market cap of $11.62 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. The stock has a 50 day moving average price of $22.83 and a 200-day moving average price of $24.42. 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.

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 paid a $0.3825 dividend. This represents a yield of 2.4%. The ex-dividend date 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.