Koss Olinger Consulting LLC Purchases Shares of 23,693 Rentokil Initial plc (NYSE:RTO)

Koss Olinger Consulting LLC bought a new stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,693 shares of the company's stock, valued at approximately $600,000.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in shares of Rentokil Initial by 30.1% during the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after buying an additional 402 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in Rentokil Initial by 65.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after acquiring an additional 594 shares during the last quarter. Exencial Wealth Advisors LLC grew its stake in Rentokil Initial by 2.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock worth $1,102,000 after acquiring an additional 972 shares during the period. Fiduciary Trust Co raised its holdings in Rentokil Initial by 4.7% in the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company's stock valued at $600,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Rentokil Initial by 140.4% during the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after purchasing an additional 1,403 shares during the period. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Trading Down 0.1 %

NYSE:RTO traded down $0.01 during trading hours on Friday, reaching $22.50. 771,746 shares of the company were exchanged, compared to its average volume of 721,336. Rentokil Initial plc has a 52-week low of $20.60 and a 52-week high of $34.07. The stock has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $25.10. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 7.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

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Rentokil Initial Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued 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 payout ratio is currently 43.71%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RTO shares. Citigroup upgraded Rentokil Initial to a "strong-buy" rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.