Kerrisdale Advisers LLC Has $2.86 Million Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Kerrisdale Advisers LLC raised its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 51.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,895 shares of the company's stock after purchasing an additional 38,545 shares during the period. Rentokil Initial accounts for approximately 1.0% of Kerrisdale Advisers LLC's investment portfolio, making the stock its 26th biggest position. Kerrisdale Advisers LLC's holdings in Rentokil Initial were worth $2,859,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RTO. Cape Investment Advisory Inc. boosted 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 valued at $38,000 after buying an additional 594 shares during the period. MML Investors Services LLC lifted its position in shares of Rentokil Initial by 0.8% during the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock valued at $2,296,000 after acquiring an additional 704 shares during the period. Exencial Wealth Advisors LLC grew its holdings in shares of Rentokil Initial by 2.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock worth $1,102,000 after purchasing an additional 972 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Rentokil Initial by 63.9% during the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after buying an additional 1,281 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Rentokil Initial by 140.4% during the fourth quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after acquiring an additional 1,403 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Rentokil Initial Trading Up 1.2 %

NYSE RTO traded up $0.27 on Friday, reaching $23.03. The company had a trading volume of 431,637 shares, compared to its average volume of 766,660. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 15.25, a P/E/G 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 fifty-two week low of $19.60 and a fifty-two week high of $34.07. The business has a 50 day moving average of $22.90 and a two-hundred day moving average of $24.42.

Rentokil Initial Announces Dividend

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